Bit Digital Converts $67.3 Million Raise Into Strategic Ethereum Play With Addition of 19,683 ETH

Bit Digital, Inc. (Nasdaq: BTBT) has added 19,683 ETH to its balance sheet, using proceeds from a $67.3 million registered direct offering to institutional investors. According to the announcement, the move brings the company’s total ethereum holdings to approximately 120,306 ETH.

More than just an investment, Bit Digital’s approach includes active participation in Ethereum’s ecosystem. The company operates validators and stakes the majority of its ETH, generating native yield while contributing to the network’s performance and security.

Sam Tabar, CEO of Bit Digital, explained the company’s view on ethereum, stating:

We view ethereum as foundational to the next phase of digital financial infrastructure, and we remain committed to scaling our ETH holdings as part of that long-term strategy. With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional ethereum treasuries in the public markets.

Bit Digital positions ethereum not simply as a speculative asset, but as infrastructure, powering stablecoins, tokenized assets, and smart contract-based systems. By integrating ethereum into its core treasury strategy, the firm aims to offer investors direct, regulated exposure to ETH via traditional equity markets.

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