news 
Title: 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 acquired an additional 19,683 ETH, effectively boosting its Ethereum holdings to an astonishing 120,306 ETH. This monumental acquisition led to a significant surge in the company’s stock, with BTBT shares jumping nearly 6% to $4.2499.
The strategic purchase of this substantial amount of ETH is part and parcel of Bit Digital’s long-term growth strategy. The Ethereum-based treasury model, combined with its staking operations, positions the company at the forefront of regulated blockchain finance. By acquiring such a large number of ETH, Bit Digital has reaffirmed its commitment to Ethereum-based infrastructure and financial systems.
As a result, the company now holds one of the largest Ethereum treasuries in public markets. This development underscores the significance of ETH in Bit Digital’s overall digital asset strategy, as it is no longer just a digital asset but a fundamental component of their business model.
The acquisition aligns with Bit Digital’s commitment to Ethereum-based infrastructure and decentralized finance opportunities. With this purchase, the company has made clear its dedication to staying at the forefront of technological innovation, aligning itself with the ever-evolving blockchain landscape.
Source: coincentral.com
