Bit Digital Boosts Ethereum Holdings with $67.3M Offering 💰

Bit Digital (Nasdaq: BTBT) has acquired approximately 19,683 $ETH, bolstering its cryptocurrency reserves using proceeds from a recent $67.3 million direct offering.

The company now holds around 120,306 $ETH, strengthening its position in the digital asset market. This strategic move underscores Bit Digital’s commitment to expanding its crypto portfolio amid growing institutional interest in Ethereum.

Analysts suggest this acquisition could enhance the company’s market influence and signal confidence in Ethereum’s long-term value.

Investors are optimistic about Bit Digital’s growth trajectory. 📊🪙