news 
**Bit Digital, Inc. (BTBT) Stock: Surges as Company Acquires 19,683 ETH, Boosting Ethereum Holdings to 120K ETH**
In a significant move, Bit Digital, Inc. (BTBT) has announced the acquisition of 19,683 ETH, bringing its total Ethereum holdings to an astonishing 120,306 ETH. This strategic purchase has sent BTBT stock surging nearly 6%, as investors react positively to this aggressive growth strategy.
The company’s leadership reaffirmed their commitment to Ethereum-based infrastructure and financial systems, emphasizing its potential for native yield generation and staking operations. By expanding its exposure to the Ethereum network, Bit Digital is effectively positioning itself at the forefront of regulated blockchain finance.
As one of the largest Ethereum treasuries in public markets, BTBT is now poised to tap into the vast opportunities presented by this burgeoning sector. The company’s decision to shift focus from traditional mining to ETH-based DeFi infrastructure further solidifies its commitment to the Ethereum ecosystem.
In a statement, Bit Digital emphasized that Ethereum will play a key role in the firm’s yield generation, staking operations, and future financial infrastructure development. This bold move is expected to have a significant impact on the company’s balance sheet and strategic positioning within the blockchain space.
The acquisition of 19,683 ETH marks a turning point for BTBT, as it leverages its expanded Ethereum exposure to drive growth and generate revenue through validator participation.
Source: coincentral.com
