Bit Digital Inc. (Nasdaq: BTBT) has expanded its Ethereum holdings to approximately 120,000 ETH, following the purchase of 19,683 Ethereum using the net proceeds from a $67.3 million registered direct offering. This acquisition positions Bit Digital among the largest institutional Ethereum treasuries in the public markets. The company actively stakes the majority of its ETH holdings and operates validators to contribute to the Ethereum network's security and performance, earning yield in the process. Bit Digital's CEO, Sam Tabar, emphasized Ethereum's role as foundational to the future of digital financial infrastructure, highlighting its programmable nature and staking yield model as key elements of the company's long-term strategy. Ethereum's growing utilization in real economic activities, such as stablecoins and decentralized applications, underscores its importance as a global coordination layer and a component of Bit Digital's treasury strategy.
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