Massive Ethereum Accumulation: Bit Digital Crosses 120,000 ETH With Latest Buy

Ethereum (ETH) adoption among public corporations is gaining momentum in 2025. In the latest development, Nasdaq-listed digital asset firm Bit Digital has announced a substantial purchase of 19,683 ETH, bringing its total Ethereum holdings to more than 120,000 ETH.

Bit Digital Increases Ethereum Holdings With Fresh Purchase

Bit Digital announced earlier today that it had acquired 19,683 ETH using the net proceeds from its recently concluded $67.3 million share offering. The company stated that this acquisition is part of its long-term strategy to deepen its exposure to ETH, the world’s second-largest cryptocurrency by market cap.

Today’s purchase announcement has also pushed Bit Digital among the world’s leading publicly-traded ETH holders. According to recent data, Bit Digital trails SharpLink’s 353,000 strong ETH treasury and BitMine Immersion’s 300,657 ETH. Commenting, Sam Tabar, CEO, Bit Digital, said:

With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in the public markets. We view Ethereum as foundational to the next phase of digital financial infrastructure. We believe Ethereum’s programmable nature, growing adoption, and staking yield model represent the future of digital assets, and we remain committed to scaling our ETH holdings as part of that long-term strategy.

The company also highlighted Ethereum’s growing importance as a versatile blockchain platform. ETH now serves as core collateral for stablecoins, powers a large portion of decentralized finance (DeFi) activity, and enables programmable financial systems.

Bit Digital emphasized that Ethereum’s ability to generate native yield through staking sets it apart from traditional digital assets, such as Bitcoin (BTC). At present, ETH commands a total market cap of $429.86 billion.

Following the announcement, Bit Digital shares saw a slight dip, trading at $3.96, down 1.13% on the day. However, the stock remains strong on a year-to-date basis, showing a 34.64% increase.

ETH Accumulation Trend Gathers Steam

While Bitcoin (BTC) has long been the preferred crypto asset for corporate treasuries, ETH is rapidly closing the gap. Companies across sectors are now adopting ETH as part of a broader diversification strategy.

For instance, another Nasdaq-listed firm, SharpLink has been on an ETH buying spree over the past few weeks. Recently, the firm bolstered its Ethereum reserves with another 10,000 ETH purchase.

Similarly, blockchain firm BTCS Inc. recently acquired 14,522 ETH. Notably, companies have purchased as much as 550,000 ETH over the past month, showing the rising institutional confidence in the digital asset.

Another company, GameSquare Holdings, recently disclosed that it had bought ETH worth $5 million, as part of its $100 million ETH-focused treasury strategy. At press time, ETH trades at $3,551, up 3.8% in the past 24 hours.