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via Cointelegraph · By Cointelegraph Staff
Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase
ETH
ETH/USDT
$1,879.83
-0.19%
$1,879.83
-0.19%
(24s)24h Volume
$1,578,890,404.81
24h H/L
$1,886.58 / $1,877.01
Change: $9.57 (0.51%)
Long/Short
66.9%
Long: 66.9%Short: 33.1%
Funding Rate
+0.0042%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(09:32 PM UTC)
1 min read
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…
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