Bit Digital has increased its Ethereum holdings to $675 million, making it one of the top six institutional Ethereum treasuries worldwide. The company bought an additional 31,057 ETH with proceeds from a $150 million convertible notes offering, bringing its total ETH holdings to approximately 150,244. Bit Digital is transitioning from Bitcoin mining to a focus on Ethereum, aiming to boost net asset value. Major crypto investors participated in the offering. The company views Ethereum as crucial to digital finance infrastructure and sees current prices as a good long-term entry point. Other firms like SharpLink Gaming and Bitmine are also aggressively accumulating ETH.

Read more at Yahoo Finance: Bit Digital Ethereum Treasury Soars to $675M, Cementing Spot as Top 6 Holder