Digital is collecting $ 162.9 million to buy more ETH for her wardrobe star-news.press/wp

Bit Digital has announced an increase of $ 162.9 million to buy ETH for the corporate cabinet, which increases the increasing demand from ETHEREUM from institutions.

the advertisement It was made on July 1, after practicing public subscriptions in the recent general assumptions of Bit Digital their choice to buy 11.25 million additional shares. In total, the company issued 86.25 million shares, with net revenues of up to $ 162.9 million after deducting fees and estimated expenses. Bit Al Darami confirmed that he will use the money to acquire ETHEREUM (ETH).

Bit Digital, which is trading on Nasdak under TeCker BTBT, has built ETHEREUM strategy since 2022. The company is now running one of the largest Stoke Ethereum platforms run by a public company. It includes its resistance infrastructure, custody services, and the tools of return in favor of ETH.

The increase is one of the largest mono -purposes that a public company brought up so far. It shows that companies have started to display Ethereum as more than just a technical platform and as a public budget asset.

Because of its annual revenues by 3-5 %, contraction design, and the ability to run decentralized applications, ETH has gained a widespread domain appeal. Ethereum gives companies like Bit Digital a way to gain ONChain’s return with an exposure to one of the most used assets in encryption.

Other companies have adopted similar strategies. Sharplink, a company listed on the Nasdaq Stock Exchange supported by Consensys, led by the co -founder of ETHEREUM JOE LUBIN, has collected $ 425 million in May to get more than 176,000 Eth.

Reports now show that the total ETH has reached more than 202,000 ETH after the last purchases. Bionexus Gene Lab also adopted ethereum as the assets of the main cabinet Ministry earlier this year and published a white paper that defines the benefits of Eth Staking,

These companies are among a group of about 40 participants included in the strategic ETH reserve framework, a Tracking An initiative for ETH and organizational holders. More than 1.2 million ETH, which total about $ 3 billion, is now being held in corporate reserves.

The first five participants, Ethereum Foundation, Sharplink, Pulsechain SAC, Coinbase, and GOLEM, have more than 70 % of all ETH reserves known as the SER list.