Bit Digital Boosts Ethereum Holdings to Over 120,000 ETH Following $67.3M Private Placement

On July 18, Bit Digital, Inc. (NASDAQ: BTBT) disclosed the acquisition of roughly 19,683 Ethereum (ETH), funded by the net proceeds from its recent $67.3 million institutional private placement. This strategic purchase increases Bit Digital’s total Ethereum holdings to approximately 120,306 ETH, reinforcing its position in the digital asset market. The transaction underscores the company’s commitment to expanding its cryptocurrency portfolio amid evolving market dynamics. Institutional investors continue to demonstrate robust interest in Ethereum, reflecting confidence in its long-term value proposition within the blockchain ecosystem.