Ethereum Demand Surges as Bit Digital Raises $162.9M for ETH Accumulationn

Bit Digital has announced a $162.9 million raise to purchase Ethereum for its treasury. The move highlights growing institutional demand for ETH as companies seek exposure to staking rewards and Ethereum’s deflationary model.

Bit Digital Completes $162.9 Million Raise for Ethereum Acquisition

Bit Digital confirmed on July 1 that it had completed a public offering aimed at acquiring Ethereum for its corporate treasury. The company issued 86.25 million shares in total, including an additional 11.25 million purchased by underwriters through an over-allotment option. Net proceeds after fees and expenses totaled $162.9 million.

The company stated that all funds raised would be used to acquire ETH. Bit Digital, listed on Nasdaq under the ticker BTBT, has been building an Ethereum-focused strategy since 2022. It operates one of the largest Ethereum staking platforms run by a public company.

The offering marks one of the largest known ETH-dedicated capital raises by a publicly traded firm. It also reflects an emerging trend among corporations that now view ETH as a balance sheet asset rather than just a blockchain utility token.

Bit Digital Grows Ethereum Staking Operations

Bit Digital has an ETH strategy that involves management of validator infrastructure, custody, and yield-generating mechanisms. These enable the firm to receive incentives in return for considerably to Ethereum by taking part in the proof-of-stake consensus scheme.

With the Ethereum Merge of 2022, ETH owners are also able to stake their funds to receive a reward of 3-5 percent per annum. The source of this creation of returns is the transaction fees and staking rewards at a protocol level. This on-chain yield is something that Bit Digital has geared up to exploit while it stores ETH as a treasury asset.

The staking infrastructure of the company offers safe and compliant access to the Ethereum staking ecosystem and can be used in any relation to institutional treasury operations. The tactic is consistent with the aim of Bit Digital to be one of the major players in the segment of blockchain-based financial services.

Institutional ETH Demand Increases Across Public Companies

Bit Digital is now part of an increasing number of publicly traded firms purchasing Ethereum to stake. Another Nasdaq-listed firm supported by ConsenSys, SharpLink, collected 425 million in May 2025 to acquire over 176,000 ETH. The firm is headed by Ethereum co-founder Joe Lubin. Following its recent purchase, SharpLink has more than 202,000 ETH.

Even ETH became the reserve asset of BioNexus Gene Lab at the start of the year 2025. The company released a whitepaper that describes how the ETH staking promotes operational liquidity, financing of research, and secure management of assets.

These companies are now tracked under the Strategic ETH Reserve (SER), a list that monitors corporate ETH holdings. According to SER data, more than 1.2 million ETH—worth about $3 billion—is held by over 40 companies and organizations.

The top five holders in the SER list are the Ethereum Foundation, SharpLink, PulseChain Sac, Coinbase, and Golem. Together, they control over 70% of the listed ETH holdings.

ETH Treasury Adoption Linked to Yield and Asset Security

The deflationary nature of the supply dynamics in Ethereum is another major reason why this coin is becoming popular. As part of the protocol, some transaction fee is burned, decreasing the overall ETH supply over time. This will sustain the attraction of ETH as a store of value.

Companies are able to safely store and delegate ETH at scale with institutional-grade custody and compliance solutions now operational. The statistics provided by such sources as Glassnode and Messari prove, there is an increase in staking deposits further in 2024 and 2025.

Bit Digital and other companies rooted in accumulating ETH are thus exposing themselves not only to the yield but also to Ethereum in its growing application to decentralized applications. This plan has the advantages of diversified treasury without even putting its emphasis on conventional financial resources.