Bit Digital announces an additional purchase of 31,057 ETH, bringing total holdings to over 150,000 ETH

Jinse Finance reported that Ethereum digital asset treasury company Bit Digital announced on Wednesday that it has increased its holdings by 31,057 ETH, bringing its total digital asset treasury to 150,244 ETH, valued at approximately $675 million. The company stated that the funds for this round of Ethereum acquisition came from the net proceeds of a recently completed $150 million convertible bond issuance. Last month, the company proposed issuing convertible bonds to increase its ETH holdings. According to Bit Digital's disclosure on Wednesday, an exchange, Jump Trading Credit, and Jane Street Capital participated in this bond issuance.