Bit Digital, a leading Bitcoin and Ethereum-focused company, has significantly expanded its Ethereum treasury, now holding roughly 120,306 ETH worth hundreds of millions of dollars.
The announcement comes after the firm purchased an additional 19,683 ETH using proceeds from a recent $67.3 million fundraising round with institutional investors.
“With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in the public markets,” Sam Tabar, Chief Executive Officer of Bit Digital, said in a press release.
He added further, “We view Ethereum as foundational to the next phase of digital financial infrastructure. We believe Ethereum’s programmable nature, growing adoption, and staking yield model represent the future of digital assets, and we remain committed to scaling our ETH holdings as part of that long-term strategy.”
Bit Digital Doubles Down on Ethereum
Beyond just holding ETH, Bit Digital actively participates in Ethereum’s network by
- Staking most of its ETH to earn passive income
- Running validator nodes to help secure the blockchain
- It offers investors regulated exposure to Ethereum’s growth through a traditional stock
Ethereum is increasingly used for real-world applications, from tokenized assets to decentralized apps (dApps). With the continuous acquisition of ETH, the company is aiming to become one of the largest institutional ETH holders in public markets.
The trend of public companies stockpiling Ethereum (ETH) is spreading rapidly, with firms like Bit Digital and SharpLink Gaming aggressively acquiring ETH.
For instance, SharpLink Gaming has taken the lead, becoming the world’s largest corporate holder of ETH with a whopping 280,706 ETH, which is worth over $800 million at current prices.
Additionally, SharpLink Gaming boosted its funding plan by $5 billion to buy even more Ethereum (ETH), which came after BitMine’s recent announcement that its own ETH stash surpassed $1 billion.
On July 17, Ethereum surpassed the $3,600 mark, rising 5.38% in 24 hours, as the US House passed three cryptocurrency-related bills. The GENIUS Act now awaits President Donald Trump’s signature in the Oval Office.
Meanwhile, Nasdaq submitted a proposal to allow BlackRock’s Ethereum ETF to include staking rewards. This will help the issuer attract more institutional investors.
Also Read: Ethereum Futures Volume Flip Bitcoin as Analysts Predict 4x Rally
