Ethereum: Bit Digital Adds 31,057 ETH, Treasury Now 150,244 ETH (~$675M) After $150M Convertible Bond

On October 8, COINOTAG reported that Bit Digital disclosed an incremental acquisition of 31,057 ETH, increasing its Ethereum holdings to 150,244 ETH — a digital asset position the company values at roughly $675 million. Management said the purchase was financed with net proceeds from a recent $150 million convertible bond offering, reflecting a capital-markets approach to balance-sheet allocation.

In its regulatory filing, Bit Digital named Kraken Financial, Jump Trading Credit, and Jane Street Capital as participants in the bond placement. The disclosure highlights a deliberate emphasis on expanding the firm’s digital asset treasury through structured financings rather than operational cash, according to the company statement.