Rebecca Cruz Bit Digital expands its Ethereum treasury with a $140 million purchase of 31,000 ETH, cementing its position as the sixth-largest institutional Ethereum holder worldwide.
The Bit Digital Ethereum treasury just made a massive leap. The crypto mining and infrastructure company has officially entered the top ranks of Ethereum holders after scooping up 31,057 ETH worth $140 million. This bold acquisition boosts Bit Digital’s total Ethereum holdings to over 150,000 ETH, establishing it as the sixth-largest Ethereum treasury globally.
Bit Digital Ethereum Treasury Crosses 150K ETH Milestone
Bit Digital’s latest move in the crypto market underscores its conviction in Ethereum’s long-term potential. The firm’s treasury now boasts 150,244 ETH, a remarkable rise following its $140 million purchase funded by proceeds from a $150 million convertible notes offering. The investment represents one of the most substantial institutional commitments to Ethereum in 2025.
According to company filings, the offering was fully subscribed, with underwriters exercising all options. The deal was priced at $4.16 per share, reflecting an 8.2% premium over Bit Digital’s mark-to-market net asset value (mNAV) at the time. This strategy, according to CEO Sam Tabar, aims to enhance shareholder value by growing exposure to Ethereum at favorable market conditions.
Tabar emphasized that the firm views Ethereum as a core component of digital financial infrastructure, and the timing of the purchase reflects confidence in the asset’s long-term trajectory. “We see current levels as a strategic entry point for sustainable value growth,” Tabar said in a statement.
Institutions Back the Bit Digital Ethereum Treasury Move
The strong institutional participation in Bit Digital’s offering highlights the growing confidence in Ethereum’s role within the broader financial ecosystem. Top-tier players including Kraken Financial, Jump Trading Credit, and Jane Street Capital were among the participants supporting the fundraising effort.
Their involvement reinforces the credibility of Bit Digital’s strategy and underscores Ethereum’s increasing institutional adoption. With this acquisition, the Bit Digital Ethereum treasury now rivals holdings from other crypto powerhouses, including PulseChain Sac, the Ethereum Foundation, The Ether Machine, and SharpLink Gaming.
As of early October 2025, Bit Digital’s mNAV stood at approximately $3.84 per share, backed by over $512.7 million in Ethereum and $723.1 million in WhiteFiber Inc. shares, its majority-owned subsidiary. The company stated it intends to continue growing its Ethereum position in a “cost-effective and value-accretive manner,” ensuring sustainable returns for shareholders.
Ethereum Treasuries Dominate Institutional Portfolios
The rise of the Bit Digital Ethereum treasury is part of a broader institutional wave embracing Ether as a strategic asset. Companies and exchange-traded funds collectively hold 12.6 million ETH, valued at around $56.4 billion, representing over 10% of Ethereum’s total supply.
Among these holders, SharpLink Gaming stands out, with its ETH reserves nearing $4 billion and unrealized profits of nearly $900 million. The Ethereum Foundation remains one of the largest custodians with 222,720 ETH, while Bitmine Immersion Technologies tops the list with a staggering 2.83 million ETH.
Ethereum continues to be the second-largest corporate crypto treasury asset, trailing only Bitcoin, which dominates with around 4 million BTC (worth roughly $500 billion) in corporate hands. However, the accelerating pace of ETH accumulation by firms like Bit Digital signals a paradigm shift toward multi-asset digital strategies.
Why Bit Digital’s Ethereum Treasury Strategy Matters
Bit Digital’s pivot toward Ethereum is more than a diversification play it’s a bet on the future of decentralized infrastructure. With the Ethereum ecosystem driving innovations in decentralized finance (DeFi), tokenization, and enterprise blockchain solutions, institutional investors are recognizing ETH’s intrinsic utility beyond speculative value.
For Bit Digital, expanding the Ethereum treasury aligns with its long-term vision of becoming a leading player in blockchain-powered financial ecosystems. The firm’s capital raise through convertible notes, rather than direct equity dilution, also reflects disciplined treasury management aimed at protecting shareholder value while scaling digital asset exposure.
This move could further influence other publicly listed mining and infrastructure companies to balance their Bitcoin-heavy portfolios with Ethereum, especially as ETH staking yields, and Layer 2 scaling solutions continue to evolve.
Conclusion
The Bit Digital Ethereum treasury surge positions the company as a serious contender in the institutional crypto landscape. With over 150,000 ETH under management, Bit Digital not only joins the elite group of Ethereum whales but also showcases how traditional capital markets and decentralized finance are rapidly converging.
As the Ethereum network continues to underpin global Web3 innovation, Bit Digital’s aggressive expansion reflects a broader institutional awakening to ETH’s potential as both a store of value and a productive digital asset.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
