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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/29/2026

Bit Digital Acquires $20M in Ethereum, Surpassing Coinbase in Corporate ETH Holdings

What happened: Bit Digital, a Nasdaq-listed company, purchased $20 million worth of Ethereum, expanding its treasury to 158,000 ETH.

Bit Digital Acquires $20M in Ethereum, Surpassing Coinbase in Corporate ETH Holdings

What happened: Bit Digital, a Nasdaq-listed company, purchased $20 million worth of Ethereum, expanding its treasury to 158,000 ETH. This move places Bit Digital ahead of Coinbase Global as the fourth-largest public corporate holder of Ether, according to CoinGecko data.

Why it matters: The acquisition signals continued corporate accumulation of Ethereum, even as market volatility persists. Bit Digital’s aggressive expansion may reflect growing confidence in Ethereum’s long-term value proposition among public companies, potentially influencing treasury management strategies across the sector.

Source: Cointelegraph