Bit Digital Rises in ETH Rankings with $140M Investment

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Bit Digital Rises in ETH Rankings with $140 Million Investment

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 08, 2025

Key Takeaways

Bit Digital invested $140 million to buy 31,057 ETH, which raised its total Ethereum holdings to over 150,000 ETH;
This decision places Bit Digital as the sixth-largest public ETH holder, just behind PulseChain Sac;
The purchase was funded through $150 million in convertible notes, backed by major crypto investors.

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Bit Digital Rises in ETH Rankings with $140 Million Investment

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Bit Digital has added over 31,000 Ethereum ETH $2,994.55 to its reserves with an approximately $140 million investment.

This latest acquisition brings its total holdings to more than 150,000 ETH, according to data from StrategicETHReserve.xyz.

With this increase, Bit Digital currently ranks as the sixth-largest public company in terms of ETH holdings.

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The funding for this Ethereum purchase came from a $150 million convertible notes offering. The notes were issued at a price of $4.16 per share, which was 8.2% higher than the company’s estimated net asset value at the time.

Bit Digital's current balance of about 150,244 ETH puts it behind five other large holders: Bitmine Immersion Technologies (2.83 million ETH), SharpLink Gaming (838,730 ETH), The Ether Machine (496,710 ETH), the Ethereum Foundation (222,720 ETH), and PulseChain Sac (160,900 ETH).

Several companies in the crypto industry participated in the funding round, including Kraken Financial, Jump Trading Credit, and Jane Street Capital.

Sam Tabar, CEO of Bit Digital, explained that this decision reflects the company’s approach to growing shareholder value through strategic ETH investments.

He emphasized that they view Ethereum as a core component of future financial systems and consider current market conditions favorable for long-term positions.

Recently, Solana Company announced plans to build a $500 million reserve of Solana. What is the goal of the funding? Read the full story.