Bit Digital, Inc. Announces Monthly Production Update For July 2023, Company Produced 133.0 BTC; Treasury Holdings Of BTC And ETH Were 677 And 12,167.2 With A Fair Market Value Of ~$19.8M And $22.6M
Portfolio Pulse from Happy Mohamed
Bit Digital, Inc. (NASDAQ:BTBT) announced its unaudited digital asset production and corporate updates for July 2023. The company produced 133.0 BTC, a 12% increase compared to the prior month. Treasury holdings of BTC and ETH were 677.0 and 12,167.2 with a fair market value of approximately $19.8 million and $22.6 million, respectively. The company had cash and cash equivalents of $21.9 million.
August 04, 2023 | 3:21 pm
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Bit Digital, Inc. reported a 12% increase in BTC production for July 2023. The company's treasury holdings of BTC and ETH were valued at $19.8 million and $22.6 million respectively.
The increase in BTC production and the value of the company's treasury holdings of BTC and ETH could potentially have a positive impact on the company's stock price in the short term.
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