Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
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Bit Digital buys $20M worth of Ethereum, expanding its treasury to 158K ETH, surpassing Coinbase Global to become the fourth-largest public corporate holder of Ether, according to CoinGecko data. This strategic move significantly increases Bit Digital's Ethereum holdings, indicating a strong commitment to the cryptocurrency market, and may have a bullish impact on the overall market sentiment and Ethereum's price.
The purchase pushed the Nasdaq-listed company ahead of Coinbase Global to become the fourth-largest public corporate holder of Ether, according to CoinGecko data.