TechFlow news, on July 18, according to PRNewswire, Nasdaq-listed Bit Digital (ticker: BTBT) announced it used the net proceeds from a recently completed $67.3 million private placement to purchase approximately 19,683 ether (ETH). Following this transaction, Bit Digital's total holdings of ETH reach approximately 120,306.
Sam Tabar, CEO of Bit Digital, stated that the company has become one of the largest institutional holders of ether in the public markets. The company views Ethereum as a cornerstone of the next phase of digital financial infrastructure, believing Ethereum’s programmability, growing adoption, and staking yield model represent the future of digital assets.
Add to Favorites
Share to Social Media
