news 
Title: Bit Digital’s Ethereum Holdings Hit 120,000 — Now Among the Top ETH Holders
Bit Digital has made a significant announcement by revealing that its Ethereum (ETH) holdings have surpassed 120,000, solidifying its position among the top institutional holders of ETH in the public markets. This impressive milestone comes after the company acquired an additional 19,683 ETH using proceeds from its recent $67.3 million direct offering to institutional investors.
In a press release, Sam Tabar, Chief Executive Officer of Bit Digital, stated that with approximately 120,000 ETH, the company is now positioned among the largest institutional Ethereum treasuries in the public markets. This bold move underscores the company’s commitment to increasing its Ethereum holdings and reinforcing its stance as one of the leading holders of ETH.
The announcement has sparked significant interest within the crypto community, as it marks a notable shift towards Ethereum (ETH) by Bit Digital. The company has been actively building its ETH position since 2022, focusing on staking and validator operations as core to its strategy.
Source: coinpedia.org
