Bit Digital Expands Ethereum Holdings with $140M Purchase, Ranks as Sixth-Largest ETH Treasury

Bit Digital, a prominent publicly-traded digital asset firm, has significantly bolstered its Ethereum reserves with the acquisition of 31,057 ETH, valued at approximately $140 million. This strategic investment elevates the company’s total Ethereum holdings to over 150,000 ETH, solidifying its position as the sixth-largest institutional Ethereum treasury globally. The purchase underscores Bit Digital’s continued confidence in Ethereum’s long-term value proposition and its role within the evolving digital economy. As institutional adoption of cryptocurrencies accelerates, this move highlights a growing trend among corporate entities to diversify their asset portfolios with established blockchain assets. The acquisition not only reinforces Bit Digital’s commitment to the Ethereum ecosystem but also positions the company to potentially benefit from future network upgrades and broader market developments. This expansion aligns with the firm’s ongoing strategy to capitalize on opportunities within the digital asset space while maintaining a robust treasury management approach.