Bit Digital Boosts Ethereum Holdings with $67.3M Offering đ°
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 Digitalâs commitment to expanding its crypto portfolio amid growing institutional interest in Ethereum.
Analysts suggest this acquisition could enhance the companyâs market influence and signal confidence in Ethereumâs long-term value.
Investors are optimistic about Bit Digitalâs growth trajectory. đđȘ