Bit Digital has added $20 million worth of Ethereum to its corporate treasury, pushing its total holdings to 158,000 ETH and making it the fourth-largest public company holder of the asset. The acquisition bumps the mining firm past Coinbase Global, according to data from CoinGecko.
A $20 million top-up
The purchase, disclosed this week, brings Bit Digital's Ether stack well into nine figures at current prices. The company has been steadily accumulating the cryptocurrency alongside its Bitcoin holdings, positioning itself as a significant corporate whale in the digital-asset space.
Surpassing Coinbase
Coinbase, which holds Ether on behalf of customers but also keeps its own treasury, had previously ranked fourth among public companies. Bit Digital's latest buy now puts it ahead, though the gap is narrow and could shift again if either firm makes further moves.
Corporate accumulation continues
Bit Digital is not alone in treating crypto as a reserve asset — a handful of public firms now hold meaningful amounts of Ether, with the top ranks dominated by companies like MicroStrategy (which holds mostly Bitcoin) and other miners. The trend underscores how corporate treasuries are increasingly willing to allocate balance sheet capital to digital assets despite volatility.
For now, Bit Digital's next move is unclear. The company hasn't signaled whether it plans to keep buying or hold steady at 158,000 ETH. But with the purchase fresh and the market watching, the mining firm's Ether stack remains one of the bigger ones on a public balance sheet.
