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The Markets
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The Markets
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The Markets
by Proactive
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Blockchain & Crypto

Bit Digital reports $590M in Ethereum holdings for October

Bit Digital Inc (NASDAQ:BTBT) said on Friday it held about 153,547 ether (ETH) valued at roughly $590.5 million at the end of October.

The New York-based digital asset company said it acquired 31,057 ETH during the month at an average total acquisition price of $3,045.14 per token. Ether closed October at $3,845.79.

Bit Digital staked an additional 32,544 ETH in October, bringing total staked holdings to about 132,480, or 86.3% of its total ether position. The staking operations generated around 249 ETH in rewards, equivalent to an annualized yield of about 2.93%, the company said.

As of October 31, Bit Digital had 322.1 million shares outstanding. The company also reported ownership of approximately 27 million shares of WhiteFiber (WYFI) with a market value of about $917.7 million.

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