Bit Digital, a Nasdaq-listed company (ticker: BTBT), has secured $162.9 million in a recent public offering to purchase Ethereum (ETH) for its corporate treasury. This strategic move highlights the growing institutional demand for Ethereum as a reserve asset and staking yield generator.
Key Details of the Fundraise
- Total Shares Issued: 86.25 million
- Net Proceeds: $162.9 million (after fees and expenses)
- Use of Funds: Exclusive acquisition of ETH
The capital raise follows the full exercise of an underwriter option to buy an additional 11.25 million shares, signaling strong investor confidence in Bit Digital’s Ethereum-focused strategy.
Bit Digital’s Ethereum Staking Platform
Since 2022, Bit Digital has developed one of the largest Ethereum staking platforms operated by a public company. Its infrastructure includes:
✅ Validator nodes
✅ Custody solutions
✅ Yield optimization tools
This ecosystem allows Bit Digital to earn 3–5% annual staking yields while maintaining exposure to ETH’s long-term appreciation.
Why Ethereum? Institutional Appeal Explained
Ethereum’s unique attributes make it attractive for corporate treasuries:
- Deflationary Supply: ETH burns a portion of transaction fees, reducing circulating supply.
- Onchain Yield: Staking generates passive income.
- Utility: Powers decentralized applications (dApps) and smart contracts.
👉 Discover how Ethereum compares to other crypto assets
Corporate ETH Adoption: A Growing Trend
Bit Digital joins a wave of public companies allocating treasury funds to ETH:
| Company | ETH Holdings | Raise Amount |
|---------------------|------------------------|------------------|
| SharpLink | 202,000 ETH | $425 million |
| BioNexus Gene Lab | Whitepaper published | N/A |
These firms are part of the Strategic ETH Reserve (SER), a tracker listing 40+ organizations holding over 1.2 million ETH ($3 billion) combined.
FAQs: Ethereum as a Treasury Asset
Q1: How does staking ETH benefit corporations?
A1: Staking offers 3–5% annual yield and exposure to ETH’s price appreciation, outperforming traditional low-yield reserves.
Q2: Which companies hold the most ETH?
A2: The Ethereum Foundation, SharpLink, and Coinbase top the SER list, holding 70%+ of tracked reserves.
Q3: Is ETH’s deflationary model reliable?
A3: Yes—ETH’s burn mechanism has reduced net supply by 0.5% annually since the 2022 Merge.
The Future of ETH in Corporate Strategies
Bit Digital’s raise underscores Ethereum’s shift from a tech platform to a balance sheet asset. With institutional adoption accelerating, ETH’s role in treasury management is set to expand.
👉 Explore Ethereum’s staking potential
Note: This analysis is based on public disclosures and excludes speculative or promotional content.