Bit Digital acquires 19,683 ETH, growing treasury to over 120,000 ETH
Quick Take Bit Digital added 19,683 ETH and now owns 120,306 ETH after a $67 million equity raise. Meanwhile, ether hovered above $3,600, fueled by corporate treasury accumulation and institutional demand from spot ETFs on Wall Street.
Crypto miner Bit Digital Inc. said Friday it has increased its ether trove to about 120,306 ETH — worth roughly $436 million at current prices — after spending proceeds from a $67.3 million share sale on an additional 19,683 coins.
A statement shared on Friday said the Nasdaq‑listed company (BTBT) now ranks among the largest publicly listed ether treasuries, trailing behind SharpLink Gaming’s 353,000 ETH stash and BitMine Immersion’s 300,657 ETH holdings , according to recent disclosures.
The accumulation echoes a growing corporate race to amass ether as staking yields and spot ETF inflows improve the asset’s market profile. ETH treasuries provide investors with stock-market exposure to Ethereum without directly holding the token, mirroring Strategy’s roaringly successful bitcoin playbook. It also follows a broader interest in ether-based vehicles like spot exchange-traded funds on Wall Street. Spot ETH ETF volumes reached a record high of over 10% of total Ethereum spot market activity, according to The Block's data dashboard.
Ether traded above $3,600 around the time of Bit Digital’s latest announcement, its highest level in six months following a 20% surge in the last week, The Block’s price page shows. Shares of BTBT rose modestly in early trading alongside a surge in ether‑linked stocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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