Bit Digital Acquires $20M in ETH, Expanding Treasury to 158,462 Ethereum
By
Emmanuel Musa
Lightly browned and well buttered. A solid pick from the rack.
Summary
Bit Digital, a Nasdaq-listed company, purchased 8,568 ETH for $20 million at an average price of $2,334 per ETH, expanding its ethereum treasury to 158,462 ETH. The acquisition reinforces Bit Digital's position as one of the largest publicly listed corporate holders of ETH and supports its broader strategy across ethereum, AI infrastructure, and strategic acquisitions.
Key quotes
· 3 pulledBit Digital has added another $20 million worth of ethereum to its balance sheet, reinforcing its position as one of the largest publicly listed corporate holders of ETH.
The company said the move supports its broader strategy across ethereum, AI infrastructure, and strategic acquisitions.
Bit Digital purchased 8,568 ETH for $20 million, expanding its ethereum treasury to 158,462 ETH.
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