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Benzinga
Benzinga
Business
Dylan Berman

Bit Digital Stock Is Trading Volatile Friday: What's Going On?

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

Bit Digital, Inc. (NASDAQ:BTBT) shares are trading volatile Friday after the company announced it bought approximately 19,683 Ethereum (CRYPTO: ETH).

What To Know: Bit Digital said it used proceeds from a recent $67.3 million registered direct offering to institutional investors to fund the purchase, bringing its total holdings to approximately 120,306 ETH.

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