Bit Digital Bets on Ethereum with $67M Buy, Positions ETH as Core Treasury Asset

TLDR:

Bit Digital adds 19,683 ETH to treasury using $67.3M raised via direct equity offering.
Ethereum holdings now total 120,306 ETH, one of the largest public stashes globally.
Majority of ETH is staked, generating real yield and supporting Ethereum infrastructure.
CEO cites Ethereum’s programmability and economic role in DeFi as key strategic drivers.

Bit Digital is betting big on Ethereum. The Nasdaq-listed firm just boosted its ETH holdings to over 120,000 coins. This move comes after raising $67.3 million through a direct offering to institutional investors. 

With this shift, Bit Digital now holds one of the largest public Ethereum treasuries. The company says this is part of a long-term strategy centered around real yield and blockchain infrastructure.

Bit Digital Purchases 19,683 ETH with Fresh Capital

According to the company’s July 18 press release, Bit Digital used its recent capital raise to buy around 19,683 ETH. This new purchase brings its total Ethereum holdings to 120,306 ETH. The funds came from a non-leveraged, equity-based offering, a detail many see as a safer path amid recent treasury blow-ups.

CEO Sam Tabar said the company sees Ethereum as “foundational” to the next generation of digital finance. He noted the network’s programmable features and staking model as key reasons behind the pivot.

Bit Digital doesn’t just hold ETH, it puts it to work. The company stakes the majority of its Ethereum, running validators to earn native yield. This operational move strengthens the network while generating income.

Staking has become central to Ethereum’s value proposition. As more financial activity shifts on-chain, validators like Bit Digital play a key role in securing that infrastructure.

Bit Digital (Nasdaq: BTBT) announced it has acquired approximately 19,683 ETH using proceeds from its recent $67.3 million direct offering. The company now holds around 120,306 ETH and will expand its ETH treasury. https://t.co/MfkLKsNZAO

— Wu Blockchain (@WuBlockchain) July 18, 2025

Market Sees Institutional Confidence in ETH

AlvaApp called Bit Digital’s shift a strong institutional signal. The move suggests growing confidence in Ethereum’s economic design over Bitcoin’s static model. On crypto Twitter, traders and analysts saw the news as bullish for ETH.

Technicals also support the narrative. Ethereum recently broke above $3,600, with indicators like MACD and CRSI showing upward momentum. The timing of Bit Digital’s buy suggests a calculated move in line with the trend.

Bit Digital Eyes Ethereum as a Treasury Asset

This pivot marks a deeper strategy. The company is positioning Ethereum as a core asset for long-term value storage and network participation. The company says ETH’s role in stablecoins, tokenized assets, and decentralized apps makes it more than just a digital currency.

With this purchase, Bit Digital is no longer just mining or investing; it’s aligning itself with Ethereum’s long-term economic engine. Investors looking for exposure to ETH through traditional markets may now be watching Bit Digital more closely.