Summary
- Bit Digital announced it purchased an additional 19,683 Ethereum, bringing its total holdings to 120,306.
- The funds for this purchase were raised through a $67.3 million rights offering.
- CEO Sam Tabar emphasized that Ethereum is the core asset of the company's treasury strategy, citing its long-term growth potential and staking rewards.
U.S.-listed digital asset company Bit Digital acquired an additional 19,683 Ethereum (ETH), expanding its total holdings to approximately 120,000.
According to PR Newswire on the 18th (local time), Bit Digital announced that it purchased an additional 19,683 Ethereum using funds raised through a recent institutional investor rights offering totaling $67.3 million. Following this transaction, the company’s total ETH holdings have reached 120,306.
Sam Tabar, CEO of Bit Digital, explained, "Ethereum will be at the center of the future digital asset ecosystem in the long term," and added, "We have made it a core element of our treasury strategy, considering staking yields, programmable structure, and growing institutional adoption."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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