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Bit Digital Listed in the US Expands Ethereum Holdings to 120,000 ETH

2025/07/22 09:17
CoinPost
Written by L.Kikutani
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Bit Digital Listed in the US Expands Ethereum Holdings to 120,000 ETH

Significant Expansion of ETH Holdings

Bit Digital, a cryptocurrency mining company listed on the US NASDAQ, announced on the 18th that it purchased an additional 19,683 Ethereum (ETH) using the net proceeds of $67.3 million from a fundraising aimed at institutional investors. The company's total Ethereum holdings now stand at 120,306 ETH, equivalent to approximately 63 billion yen at current prices.

With this acquisition, the company has become one of the world's largest Ethereum holders among listed companies, following SharpLink Gaming with 353,000 ETH and BitMine Immersion with 300,657 ETH. The competition for Ethereum accumulation among institutional investors is intensifying.

Related: SharpLin...

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Iolite Vol.14

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MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.