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via Cointelegraph · By Cointelegraph Staff

Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase

ETH

ETH/USDT

$1,735.58

+1.48%

$1,735.58

+1.48%

(24s)

24h Volume

$11,100,544,225.27

24h H/L

$1,779.90 / $1,702.51

Change: $77.39 (4.55%)

Long/Short

72.3%

Long: 72.3%Short: 27.7%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,734.19

▲ 1.60%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,826.83

Resistance 1$1,774.94

Price$1,734.19

Support 1$1,705.64

Support 2$1,627.83

Support 3$1,505.68

Pivot (PP):$1,740.34

Trend:Downtrend

RSI (14):42.7

Cointelegraph Staff

(09:32 PM UTC)

1 min read

Verified bySarah Chen

612 views

0 comments

Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH.

The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token.

CEO Sam Tabar said the purchase reduced Bit Digital’s average ETH acquisition cost and was part of the company’s strategy to grow net asset value per share…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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