Bit Digital Expands Ethereum Holdings to 120,000 ETH

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Bit Digital Expands Ethereum Holdings to 120,000 ETH

Investing.com07-18

Bit Digital, Inc. (NASDAQ:BTBT), currently valued at $1.28 billion, has purchased approximately 19,683 Ethereum (ETH) using proceeds from its recently completed $67.3 million registered direct ...

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(NASDAQ:BTBT), currently valued at $1.28 billion, has purchased approximately 19,683 Ethereum (ETH) using proceeds from its recently completed $67.3 million registered direct ...</p>\n\n<a href=\"https://www.investing.com/news/company-news/bit-digital-expands-ethereum-holdings-to-120000-eth-93CH-4141720\">Source Link</a>\n\n</div>\n","source":"investingArticles_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bit Digital Expands Ethereum Holdings to 120,000 ETH</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBit Digital Expands Ethereum Holdings to 120,000 ETH\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-18 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/company-news/bit-digital-expands-ethereum-holdings-to-120000-eth-93CH-4141720><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bit Digital, Inc. (NASDAQ:BTBT), currently valued at $1.28 billion, has purchased approximately 19,683 Ethereum (ETH) using proceeds from its recently completed $67.3 million registered direct ...</p>\n\n<a href=\"https://www.investing.com/news/company-news/bit-digital-expands-ethereum-holdings-to-120000-eth-93CH-4141720\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTBT","symbol_name":"Bit Digital, Inc.","start_time":0,"source_url":"https://www.investing.com/news/company-news/bit-digital-expands-ethereum-holdings-to-120000-eth-93CH-4141720","article_id":"1113659769","we_media_id":null,"thumbnails":[],"rights":{"source":"investingArticles_highlight","url":"https://www.investing.com/news/company-news/bit-digital-expands-ethereum-holdings-to-120000-eth-93CH-4141720","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1113659769","pubTimestamp":1752841800,"columns":[],"sourceInfo":{"source_id":"investingArticles_highlight","name":"Investing.com"},"weMediaInfo":null,"summary":"Bit Digital, Inc. (NASDAQ:BTBT), currently valued at $1.28 billion, has purchased approximately 19,683 Ethereum (ETH) using proceeds from its recently completed $67.3 million registered direct...","collect":0,"end_time":0,"defaultTopTitle":"investing.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTBT":"Bit Digital, Inc."},"translate_title":"Bit Digital将以太币持有量扩大至120,000 ETH","themeId":"f1beb5b54f1fd93ceff23f63366d0888","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTBT":1.1},"content_text":"Bit Digital, Inc. (NASDAQ:BTBT), currently valued at $1.28 billion, has purchased approximately 19,683 Ethereum (ETH) using proceeds from its recently completed $67.3 million registered direct offering to institutional investors, the company announced Friday. The stock has shown strong momentum with a 20.42% return over the past week, though InvestingPro data indicates the stock is currently in overbought territory.Following the transaction, Bit Digital now holds approximately 120,306 ETH, positioning it among the largest institutional Ethereum holders in the public markets, according to the company’s press release statement.\"We view Ethereum as foundational to the next phase of digital financial infrastructure,\" said Sam Tabar, Chief Executive Officer of Bit Digital.The cryptocurrency mining and digital asset company operates Ethereum infrastructure as part of its broader strategy, staking the majority of its ETH holdings and operating validators. Through this process, the company earns yield while contributing to the security and performance of the Ethereum network. With a beta of 5.26, investors should note the stock’s significant volatility compared to the broader market.Bit Digital began accumulating and staking ETH in 2022 and has since built what it describes as one of the largest institutional Ethereum staking infrastructures globally. The company’s platform includes validator operations, institutional-grade custody, protocol governance, and yield optimization.The latest purchase aligns with Bit Digital’s strategy to focus on Ethereum-native treasury and staking approaches, offering investors regulated exposure to Ethereum through a traditional equity vehicle.Ethereum serves as collateral for stablecoins, tokenized assets, and decentralized applications, with the ability to generate native yield through staking, according to the company’s statement.In other recent news, Bit Digital, Inc. announced preliminary second-quarter revenue estimates ranging from $24.3 million to $26.9 million, though these figures remain subject to financial closing procedures. The company also entered into a placement agency agreement with B. Riley Securities for a registered direct offering of 22 million ordinary shares, aiming to raise approximately $67.3 million to purchase Ethereum. Meanwhile, BitMine Immersion Technologies reported accumulating 300,657 ether in three weeks, with plans to acquire around 5% of the total ether supply. WhiteFiber Inc., a provider of AI infrastructure solutions, has filed for an initial public offering and plans to list on the Nasdaq under the ticker \"WYFI.\" The offering will be managed by B. Riley Securities and Needham & Company. Additionally, several cryptocurrency-related stocks, including Bit Digital, saw gains as Bitcoin surged past $118,000. SharpLink increased its share sale plan by $5 billion to fund its ether treasury. The U.S. House of Representatives passed a bill to create a regulatory framework for stablecoins, marking a significant development for the digital asset industry.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}