Bit Digital Expands Ethereum Reserves to 120,306 ETH, Worth $438 Million!

Updated

July 21, 2025

Gambar Bit Digital Expands Ethereum Reserves to 120,306 ETH, Worth $438 Million!

Jakarta, Pintu News – Nasdaq-listed company Bit Digital recently announced the purchase of approximately 19,683 Ethereum , using net proceeds from a $67.3 million registered direct offering to institutional investors.

The acquisition increases Bit Digital’s total Ethereum (ETH) holdings to approximately 120,306 ETH, valued at approximately $438 million. This move places Bit Digital as one of the largest institutional holders of Ethereum (ETH) in the public markets.

Check out the full information here!

Huge Expansion in Ethereum Reserves

Bit Digital has demonstrated its commitment to Ethereum (ETH) with this latest purchase. CEO Sam Tabar revealed that with holdings of around 120,000 ETH, Bit Digital is now among the largest institutional Ethereum (ETH) treasuries in the public markets.

The decision to increase its Ethereum (ETH) stake is part of the company’s long-term strategy to participate in the growth of Ethereum (ETH). According to a press release, Bit Digital sees Ethereum (ETH) as a key component in its long-term strategy.

The belief in the programmable nature of Ethereum (ETH) and its growing adoption is believed to play an important role in the future of digital financial infrastructure. This shows the company’s vision to integrate more deeply with blockchain technology.

Whale Activity and Institutional Interest in Ethereum

ETH just broke above $3600!

Recently, 2 newly created wallets have accumulated 206,415 $ETH($745M).

0x35fb has withdrawn 103,274 $ETH($372.8M) from #Kraken in the past 9 days.

0x9684 has withdrawn 103,141 $ETH($372.3M) from #FalconX in the past 7 days.https://t.co/5e6AQjMOwt… pic.twitter.com/pfyh7H1MXP
— Lookonchain (@lookonchain) July 18, 2025

Ethereum (ETH) has recently witnessed increased accumulation by institutions and whales. Data from Lookonchain shows that two large wallets have withdrawn a total of $745 million of Ethereum (ETH) from exchanges. This signifies a great interest from big players in the cryptocurrency ecosystem.

In addition, another major player in the gaming sector, SharpLink Gaming, has purchased approximately 32,892 Ethereum (ETH) worth $115 million, which increases their total Ethereum (ETH) holdings to $1.3 billion.

Meanwhile, Bitmine Technologies has also expanded their Ethereum (ETH) reserves, which now stand at 300,000 ETH, worth slightly more than $1 billion. This shows a positive trend and growing confidence in Ethereum (ETH) among large institutions.

Significant Development in Ethereum Institutional Adoption

World Liberty Financial has also increased their Ethereum (ETH) holdings by adding $3 million worth of Ethereum (ETH), following a previous acquisition of $5 million. Currently, they own 70,143 Ethereum (ETH), with a value of approximately $251 million. This shows that Ethereum (ETH) continues to attract interest from various financial sectors.

With the purchase of Ethereum (ETH) by various large institutional entities, the market position of Ethereum (ETH) has been strengthened, and its price has risen to $3,622, showing a 6% increase in the last 24 hours. This confirms Ethereum’s (ETH) position as an important and growing digital asset in the global market.

Conclusion

With this latest expansion, Bit Digital has not only strengthened its financial position but also affirmed its commitment to the growth and adoption of Ethereum (ETH) at scale. This move will hopefully bring more stability and growth for the company as well as for the Ethereum (ETH) ecosystem as a whole.

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