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Bit Digital becomes the second largest ETH holder

cryptobizinvest.com July 7, 2025

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The Bit Digital Asset Company directed the Bitcoin Treasury strategy to Ether, saying that the transformation reflects his conviction that Ethereum would rewrite the entire financial system. “

Bit Digital used $ 172 million in revenue from a modern public offer, as well as money from selling 280 Bitcoin (BTC), To acquire the ether (Eth), The company Detected on monday.

As of the end of the first quarter, the Bit Digital 24,434 ETH has been occupied – a position that has grown since then to 100,603 ETH. The shares of the company, which are traded by the BTBT code, rose by more than 29 % on the news, thus returning the market value to above one billion dollars.

This shift makes Bit Digital, the second largest car holder, with Coinbase Global only holds a larger class in digital assets, according to Coingecko Data.

Cointelegraph mentioned in The general offering of Bit Digital And Eter Pivot on June 27, but the company has been accumulating and entering ETH since 2022.

The CEO of Bit Digital Sam Tabar said that the company “is in line with ETHEREM capabilities in the long term and puts itself as the ETHEREUM treasury platform in public markets”, with plans to become “the most Holding company in the world.”

*Bit Digital shares were very volatile this year. Source: Google Finance*

Coding treasury strategies gain traction

Crypto Crypto Treasury Strategies I gained momentum this year, although most activities have focused on the accumulation and contract of bitcoin.

Last month alone, at least 21 BTC entities added to its public budgets, according to industry data. Collect the largest company holder, strategy (MSTR), 597323 BTC.

*Treasury companies in Bitcoin circulating for the public. source:* *Bitcointreasuries.net*

However, some analysts have Fears of the Treasury strategy raised It has become exaggerated, especially for companies that lack strong basic business or a clear plan to manage their BTC holdings.

Beyond bitcoin, treasury codes are much less common. According to Bloomberg, a new company Plans to raise $ 100 million For the accumulation of binance’s bnb (BNBA step that reflects the Treasury model in Bitcoin Bitcoin.

To date, the institutional interest in Ethereum has remained relatively silent, and by looking at the flows to the ETH boxes since its approval last year. However, the tide may have started to rotate, as we recorded the ether boxes that record the flows Seven consecutive weeks.