Bit Digital Overtakes Coinbase in Ethereum Holdings After $20M ETH Purchase

[kevin1]

Bit Digital has strengthened its Ethereum treasury strategy with the purchase of 8,568 ETH worth approximately $20 million. The acquisition increases the company’s total holdings to around 158,462 ETH, pushing it ahead of Coinbase and making it the fourth-largest public corporate holder of Ethereum.

CEO Sam Tabar said the purchase aligns with the company’s long-term strategy of growing shareholder value through Ethereum accumulation, AI infrastructure, and strategic acquisitions. The move comes as more publicly traded firms expand their exposure to Ethereum despite ongoing market volatility.

The announcement highlights growing institutional confidence in Ethereum’s long-term role across stablecoins, tokenization, and decentralized finance. While ETH remains well below its previous highs, several companies continue adding to their holdings as they position for future ecosystem growth.

[ed]

and price of eth still didnt change much but i believe it will go up someday