Bit Digital Adds Nearly 20,000 ETH, Now Among Top Public Ethereum Holders.
Bit Digital Inc., a public crypto mining firm, has added 19,683 ether to its treasury, raising its total holdings to 120,306 ETH—worth around $436 million at current market prices. The purchase was funded from a recent $67.3 million direct offering to institutional investors.
Bit Digital now ranks as the third-largest public holder of Ethereum, behind SharpLink Gaming and BitMine Immersion. The company called it a long-term investment, aligning with growing interest in ETH across corporate treasuries amid rising ETF inflows.
MEI Pharma Becomes First Public Company To Add $100M Litecoin Treasury.
In a first for a publicly traded U.S. company, MEI Pharma will invest $100 million to adopt Litecoin as a treasury reserve asset. The PIPE deal, led by crypto firm GSR, will close around July 22, 2025.
Litecoin creator Charlie Lee, who is a key figure in crypto, will join MEI’s board, marking a major step in institutional adoption of LTC. MEI will sell 29.2 million shares at $3.42 each. GSR will manage the company’s digital assets. Litecoin is widely used for payments, remittances, and cross-border transfers.
Bihar Conducts First Mobile E-voting Using Polygon Blockchain.
Bihar is the first Indian state to successfully roll out mobile-based e-voting, utilizing blockchain technology via Polygon. The pilot was executed in the context of municipal by-elections in 42 municipalities over 26 districts and had the objective of making the voting process more accessible and transparent.
The e-voting facility was offered to 51,157 registered voters and realized a high turnout of almost 70%. Two special mobile apps were utilized and built by the Centre for Development of Advanced Computing and the other by the Bihar State Election Commission.
The two apps included biometric authentication and facial recognition to validate voter identity and avoid duplication.
Charles Schwab Eyes Crypto Market With New Launch.
Charles Schwab Corp. is set to launch bitcoin and ether trading services for retail investors, CEO Rick Wurster revealed on CNBC’s “Money Movers.”
Wurster noted that Schwab clients already hold significant crypto exposure through ETFs — making up over 20% of the industry’s assets in that segment. However, many now prefer to store actual crypto directly with Schwab.
Currently, crypto accounts for just $25 billion of Schwab’s $10.8 trillion in assets, but the new launch could mark a turning point as the firm positions itself to compete with Coinbase in the retail crypto custody space.
You need to login in order to Like
Leave a comment