Bit Digital (BTBT) announced its monthly Ethereum, or ETH, treasury and staking metrics for the month of February. As of February 28, the Company held approximately 155,434.4 ETH. Based on a closing ETH price of approximately $1,965, as of February 28 the market value of the Company’s ETH holdings was approximately $305.4M. The Company’s total average ETH acquisition price for all holdings was approximately $3,045 as of February 28. The Company’s total staked ETH was ~138,269, or ~89% of its total holdings, as of February 28. Staking operations generated approximately 313.9 ETH in rewards during the period, representing an annualized yield of approximately 2.7%. Bit Digital shares outstanding were 324,836,788 as of February 28. The Company maintains ownership of approximately 27.0M WhiteFiber shares with a market value of approximately $455.7M as of February 28.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTBT:
- U.S. crypto bill hits impasse, banks won’t back compromise, Reuters reports
- Crypto Currents: Meta plans entry into stablecoin space
- Bit Digital Reappoints Audit Chair and Declares Interim Dividend
- Crypto Currents: C-suite executives exit Gemini
- Low P/E Alert! These 3 Undervalued Stocks Are Poised to Surge Over 90%
