Bit Digital Purchases 31,057 ETH, Becoming Third Largest Ethereum Holder
Bit Digital Expands Ethereum Holdings
- Bit Digital purchased 31,057 ETH using proceeds from a $150 million convertible notes offering.
- With this acquisition, Bit Digital now holds 150,244 ETH, positioning it among the top holders of Ethereum.
- Investors like Kraken Financial and Jane Street Capital participated in Bit Digital's financing round.
- The transaction reflects confidence in Ethereum as a foundational digital financial infrastructure.
Market Activity and Short Traders Impact
- Ethereum price rose above $4,500, leading to the liquidation of $21 million in short contracts.
- Total crypto market liquidations reached $361.7 million within 24 hours, with bulls initially experiencing heavier losses.
- An early rebound reduced bull loss incidence to 19%, as $28.9 million in shorts were liquidated in one hour.
- Ethereum led liquidations, with $20.5 million in shorts liquidated over 12 hours.
Best Wallet Presale Progress
- The Best Wallet presale has raised over $16.4 million, trading at $0.026 per token.
- Best Wallet offers multi-chain storage, smart vaults, and yield optimization tools for users.
