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Bit Digital Adds $20M in Ethereum
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Nasdaq-listed Bit Digital has expanded its Ethereum treasury with the purchase of 8,568 ETH worth approximately $20 million. The company acquired the tokens on May 11 at an average price of $2,334 per ETH. Following the transaction, Bit Digital’s total corporate holdings have grown to more than 158,000 ETH. The purchase comes despite Ethereum’s relatively weak market performance this year, underscoring the company’s long-term commitment to the asset.
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