Bit Digital, Inc. (NASDAQ:BTBT) has increased its Ethereum holdings to approximately 120,000 ETH by purchasing 19,683 Ethereum using 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, highlighted Ethereum's programmable nature and staking yield model as key elements of the company's long-term strategy.