Bit Digital (BTBT) News Today

Bit Digital, Inc. (NASDAQ: BTBT) shares have climbed following the company’s significant expansion of its Ethereum holdings funded by a recent $67.3 million direct offering, alongside growing bullish derivatives flows and an overall Ethereum rally. Investors are reacting to both the strategic treasury move and heightened market interest in BTBT options and ether-linked mining stocks.

• Positive Sentiment: Bit Digital used net proceeds from a $67.3 million registered direct offering to acquire ~19,683 ETH, bringing its total holdings to approximately 120,306 ETH and reinforcing its treasury strategy. Bit Digital Inc. Continues Expansion of Ethereum Holdings…
• Positive Sentiment: Blockonomi reports that BTBT now positions ETH as a core treasury asset after the $67 million purchase, underscoring management’s conviction in Ethereum’s long-term upside. Bit Digital Bets on Ethereum with $67M Buy…
• Positive Sentiment: Benzinga highlights a surge in BTBT options activity, suggesting increased bullish positioning among traders anticipating further upside. Spotlight on Bit Digital…
• Positive Sentiment: MSN notes that ether-linked stocks, including Bit Digital, climbed as Ethereum hit a six-month high, benefiting mining and staking operators. Ether-Linked Stocks Climb as Ether Hits Six-Month High
• Positive Sentiment: MarketBeat reports BTBT trading up 7.1% and reiterates a buy rating, reflecting growing analyst confidence. Bit Digital (NASDAQ:BTBT) Trading Up 7.1%
• Positive Sentiment: Zacks notes BTBT beat a broader market upswing with a 2%+ gain in the prior session, highlighting improving momentum. Bit Digital, Inc. (BTBT) Beats Stock Market Upswing…
• Neutral Sentiment: Benzinga reports shares have been trading volatile on Friday following the Ethereum acquisition announcement, reflecting short-term swings. Bit Digital Stock Is Trading Volatile Friday…
• Neutral Sentiment: An industry report from Proactive Investors says Ethereum’s rally boosts the outlook for crypto firms broadly, including Bit Digital, though market cycles remain unpredictable. Ethereum rally boosts outlook for crypto firms