According to Deep Tide TechFlow news on July 18, Nasdaq-listed Bit Digital (stock code: BTBT) announced that it used the net proceeds from a recently completed $67.3 million private placement to purchase approximately 19,683 Ethereum (ETH). After this transaction, Bit Digital's total holdings of Ethereum reached approximately 120,306.
Bit Digital CEO Sam Tabar stated that the company has now become one of the largest institutional holders of Ethereum in the public market. The company views Ethereum as the cornerstone of the next phase of digital financial infrastructure, believing that Ethereum's programmability, increasing adoption rate, and staking yield model represent the future of digital assets.
