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ethereum

Massive Ethereum Accumulation: Bit Digital Crosses 120,000 ETH With Latest Buy

Ash Tiwari
by Ash Tiwari
2 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum (ETH) adoption among public corporations is gaining momentum in 2025. In the latest development, Nasdaq-listed digital asset firm Bit Digital has announced a substantial purchase of 19,683 ETH, bringing its total Ethereum holdings to more than 120,000 ETH.

Bit Digital Increases Ethereum Holdings With Fresh Purchase

Bit Digital announced earlier today that it had acquired 19,683 ETH using the net proceeds from its recently concluded $67.3 million share offering. The company stated that this acquisition is part of its long-term strategy to deepen its exposure to ETH, the world’s second-largest cryptocurrency by market cap.

Related Reading: Ethereum ETF Evolution: BlackRock Aims To Boost ETHA Returns With Proposed ETH Staking

Today’s purchase announcement has also pushed Bit Digital among the world’s leading publicly-traded ETH holders. According to recent data, Bit Digital trails SharpLink’s 353,000 strong ETH treasury and BitMine Immersion’s 300,657 ETH. Commenting, Sam Tabar, CEO, Bit Digital, said:

With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in the public markets. We view Ethereum as foundational to the next phase of digital financial infrastructure. We believe Ethereum’s programmable nature, growing adoption, and staking yield model represent the future of digital assets, and we remain committed to scaling our ETH holdings as part of that long-term strategy.

The company also highlighted Ethereum’s growing importance as a versatile blockchain platform. ETH now serves as core collateral for stablecoins, powers a large portion of decentralized finance (DeFi) activity, and enables programmable financial systems.

Bit Digital emphasized that Ethereum’s ability to generate native yield through staking sets it apart from traditional digital assets, such as Bitcoin (BTC). At present, ETH commands a total market cap of $429.86 billion.

Following the announcement, Bit Digital shares saw a slight dip, trading at $3.96, down 1.13% on the day. However, the stock remains strong on a year-to-date basis, showing a 34.64% increase.

bit digital
Source: Yahoo! Finance

ETH Accumulation Trend Gathers Steam

While Bitcoin (BTC) has long been the preferred crypto asset for corporate treasuries, ETH is rapidly closing the gap. Companies across sectors are now adopting ETH as part of a broader diversification strategy.

Related Reading: SharpLink Gaming Launches $425 Million Ethereum Reserve Plan with Consensys Backing

For instance, another Nasdaq-listed firm, SharpLink has been on an ETH buying spree over the past few weeks. Recently, the firm bolstered its Ethereum reserves with another 10,000 ETH purchase.

Similarly, blockchain firm BTCS Inc. recently acquired 14,522 ETH. Notably, companies have purchased as much as 550,000 ETH over the past month, showing the rising institutional confidence in the digital asset.

Another company, GameSquare Holdings, recently disclosed that it had bought ETH worth $5 million, as part of its $100 million ETH-focused treasury strategy. At press time, ETH trades at $3,551, up 3.8% in the past 24 hours.

ethereum
Ethereum trades at $3,551 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image from Unsplash.com, charts from Yahoo! Finance and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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