Bit Digital 'pumps' an additional 71 million USD to acquire ETH, stock price increases by 110%

Bit Digital has recently attracted attention by spending an additional 71 million USD to purchase 19,683 ETH, raising its total Ethereum holdings to over 120,000 $ETH , officially making it one of the top 10 publicly traded companies with the most ETH in the world.

This transaction was carried out right after Bit Digital completed a stock issuance worth 67.3 million USD for institutional investors on July 14. Previously, the company also transferred all 417.6 BTC (~50 million USD) to ETH and successfully raised 163 million USD to expand its treasury #Ethereum .

Beginning its strategy of accumulating and staking ETH in 2022, Bit Digital currently owns one of the largest Ethereum staking infrastructures globally, second only to Coinbase, SharpLink, and BitMine. The company directly operates validators, earns staking yields, and contributes to the security of the Ethereum network.

According to #BitDigital , Ethereum is not only a digital asset but also a core collateral asset for stablecoins, encrypted assets, and decentralized applications, playing a central role in the upcoming on-chain economy.

The massive ETH accumulation along with long-term confidence has helped BTBT stock 'surge' by 110% in just one month, from 1.99 USD at the end of June 2025 to over 4.1 USD before the latest trading session.