Bit Digital Strengthens Ethereum Vault Leadership with 150K ETH

Bit Digital has significantly expanded its Ethereum portfolio with the acquisition of 31,057 ETH, increasing its total holdings to approximately 150,244 ETH. The purchase was funded using proceeds from the company’s recently completed $150 million convertible notes offering.

Bit Digital Expands Ethereum Holdings to 150,244 ETH Worth $675 Million

This purchase boosts the ranking of Bit Digital as one of the three institutional Ethereum vault corporations in the world, having assets of an approximate of $675 million. The accumulation and staking of Ethereum remains a part of the tokenized assets treasury strategy of the company.

The newest acquisition of BitDigital highlights its dedication to increasing its shareholder value in the long-term by deploying capital in a disciplined manner.

Having switched in July to becoming completely focused on ETH vaults and staking, the Firm has established itself as an institutional player in the Ethereum ecosystem.

Management views Ether as a critical pillar of the emerging digital financial infrastructure and believes current market conditions present a compelling opportunity for long-term accumulation.

Convertible Notes Offering and Strategic Financing

Several big crypto-oriented investors, such as Kraken Financial, Jump Trading Credit, and Jane Street Capital, participated in the offering of the $150 million convertible notes, which implied the full exercise of the over-allotment option of the underwriters.

Bit Digital affirmed that the original conversion price of the notes was pegged at $4.16 US per share which implied a premium of 8.2% of the net asset value (mNAV) of the firm when the notes were priced.

Chief Executive Officer Sam Tabar called the offering a strategic victory that made the company liquid and improved shareholder value. Tabar argues that the convertible structure enabled the the firm's to raise funds effectively at favorable terms to the existing shareholders.

The proceeds were then invested back in Ether by the company which further solidified its treasury base. Tabar further explained that the funding indicates the confidence of BitDigital in the prospective of ETH as decentralized finance and decentralized infrastructure in the long term.

Financial Standing and Market Outlook

As of September 29, 2025, the firm reported total assets of approximately $1.236 billion. This consists of 121,252 ETH worth approximately 512.7 million and majority equity interests in WhiteFiber, Inc. worth 723.1 million dollars.

The total number of shares outstanding has been approximately 321.4 million shares and this means that the mNAV of the company is expected to be 3.84 per share.

the firm is still interested in increasing its Ethereum treasury in an economical and strategically disciplined fashion. The company remains a leader in the digital asset treasury market, determined to increase NAV per share and promote sustainable long-term growth to the shareholders.