Bit Digital Plans Over $67 Million Raise to Expand Ethereum Treasury

Bit Digital, a crypto infrastructure company, has announced plans to raise roughly $67.3 million to purchase Ethereum (ETH), the world’s second-largest digital asset.

The company announced that it has entered into an agreement with B. Riley Securities to manage a direct stock offering. The company plans to sell 22 million ordinary shares at $3.06 per share to institutional investors. It aims to raise approximately $67.3 million in gross proceeds before deducting fees and costs.

While B. Riley Securities will act as the agent for the offering, the closing of the offering is scheduled to occur on July 15, 2025. This is pending the completion of customary closing requirements.

Bit Digital Holds 100,000 ETH

Founded in November 2015, Bit Digital started accumulating ETH in 2022. The company has scaled to become a key player in global institutional ETH staking infrastructure.

Following a $172 million equity raise and a strategic shift of the company’s balance sheet from bitcoin (BTC) to ETH, Bit Digital now holds over 100,000 ETH, worth approximately $300 million at the current price.

By aligning with key partners within the Ethereum network, the Nasdaq-listing company is enabling institutional-grade access to compliant, scalable, and secure on-chain yield generation.

Sam Tabar, CEO of Bit Digital, views Ethereum as a transformative force that can redefine the global financial landscape. The Bit Digital executive further noted that its ability to run smart programs, the growing number of users, and the chance to earn rewards through staking make it a big part of crypto’s future.

ETH Buying Spree

In recent times, an increasing number of prominent firms have been investing in altcoins. Recently, SharpLink Gaming, the world’s largest corporate ETH holder, purchased 24,371 ETH through Coinbase Prime. The acquisition is valued at over $72 million. Despite the massive decline of BTC, the asset has maintained the $3,000 price level, alleviating investor panic.

According to the latest transaction, the firm now holds a total of 294,000 ETH, valued at approximately $873 million. The ETH buying spree shows the growing interest by companies and investors. The asset’s positive performance also plays a vital role in its adoption.

Recently, companies have integrated cryptocurrencies like BTC, ETH, and SOL into their frameworks and transactions. On July 8, 2025, DeFi Development Corp., a commercial real estate company, announced that it had expanded its SOL holdings by 47,272 SOL. The purchase is valued at approximately $7.03 million. The altcoin was purchased at an average price of $ 149.09 per SOL.