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Benzinga
Benzinga
Business
Murtuza J Merchant

$67M For More ETH: Bit Digital Expands Its Ethereum Treasury Beyond 120,000 Coins

Bit Digital Ethereum Crypto
Eth,Coin,With,Blurred,Candlestick,Chart,In,The,Background.,Ethereum

Bit Digital Inc. (NASDAQ:BTBT) has announced the purchase of 19,683 Ethereum (CRYPTO: ETH), bringing its total Ethereum holdings to approximately 120,306 ETH.

What Happened: The acquisition was funded through proceeds from a recently completed $67.3 million registered direct offering to institutional investors, reinforcing Bit Digital's position as one of the largest institutional holders of Ethereum among public companies.

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