💰 Bit Digital is going big on ETH.

[johnblockbuster]

The digital asset company plans to raise $100M via convertible senior notes (with an extra $15M option) to grow its Ether treasury and fund digital-asset acquisitions.

Current holdings: 120,000+ ETH, ranking 7th on StrategicEtherReserve.

If successful, Bit Digital could buy 23,700+ more ETH, overtaking Coinbase for 6th place.

Proceeds earmarked for ETH purchases + strategic investments.

Bit Digital is joining the list of firms building serious ETH exposure as institutions pour into Ethereum.

[Nahid10]

Bit Digital raising $100M to grow its ETH stack shows how fierce the treasury race is getting.

[kelson10]

A jump to 6th place ahead of Coinbase would be a major credibility boost for them.