Bit Digital Buys Additional 19,683 ETH, Pushing Treasury to 120,306

Bit Digital Inc., an infrastructure firm with a focus on Ethereum and Artificial Intelligence, has increased its ether (ETH) holdings to 120,306 ETH, currently valued at about $436 million. The boost follows the company’s recent acquisition of 19,683 ETH, funded by proceeds from a $67.3 million share sale.

The announcement coincided with a broader uptrend in ether-related stocks, helping push BTBT shares above $4 during early trading. ETH itself climbed past $3,600, a six-month high, after rising 20% over the past week.

Surge in Corporate Ether Holdings

Bit Digital, listed on Nasdaq under the ticker BTBT, now holds one of the largest ether treasuries among public firms. It ranks behind SharpLink Gaming’s 353,000 ETH and BitMine Immersion’s 300,657 ETH, based on the latest disclosures.

SharpLink, which recently shifted its focus from iGaming and marketing software to crypto treasury management, has aggressively expanded its ether holdings. On Thursday alone, it added 32,892 ETH worth around $118.8 million, including 18,712 ETH from Galaxy Digital and 14,180 ETH from Coinbase Prime, according to Arkham Intelligence.

In just over a week, the company has acquired 144,501 ETH, bringing its total to more than 353,000 ETH. Reports from analytics platforms EmberCN and Lookonchain confirm the purchases via on-chain data.

Earlier this week, SharpLink overtook the Ethereum Foundation to become the largest known corporate holder of ether.

Ethereum Exposure Rises

The growing accumulation of ether by firms like Bit Digital and SharpLink reflects a rising institutional interest in Ethereum. Improved staking yields and anticipation around spot ETH ETFs are helping drive this demand.

For many public companies and institutional players, holding ether is becoming a strategic way to gain exposure to ether through traditional equity channels. This approach is gaining traction as Wall Street shows increased openness to Ethereum-linked products.

Reflecting this momentum, spot ETH ETF activity now accounts for over 10% of Ethereum’s total spot market volume. The shift signals deepening confidence in Ethereum’s long-term role across both financial and corporate strategies.