Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
Nasdaq-listed Bit Digital purchased $20 million in Ethereum, expanding its treasury to 158,462 ETH and becoming the fourth-largest public corporate ETH holder, surpassing Coinbase Global. The move aligns with CEO Sam Tabar's strategy to boost net asset value through Ethereum accumulation. Standard Chartered maintains bullish ETH price targets amid strong network fundamentals despite current price weakness.
Key takeaways
- 1Bit Digital bought $20M in Ethereum, raising treasury to 158,462 ETH and becoming fourth-largest public corporate ETH holder.
- 2Standard Chartered maintains $4,000 ETH price target by end of 2026 and $40,000 by 2030 despite current weakness.
- 3ETH trades at $2,013, down 32% year-to-date and 60% below August 2025 all-time high near $4,946.
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Why it matters
Corporate Ethereum accumulation by major institutions signals confidence in long-term fundamentals and tokenization growth, relevant for Indian retail investors evaluating ETH's institutional adoption trajectory and potential recovery from current price lows.
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