Bit Digital (BTBT) has shifted its entire treasury to ETH. The company, previously known purely for Bitcoin mining, announced its strategic plan to pivot into a pure Ethereum staking and treasury company in late June.
As of March 31, 2025, the company reported holding 24,432.2 ETH and 417.6 BTC, valued at $44.6 million and $34.4 million respectively.
Today, July 7, 2025, Bit Digital announced the completion of its transition to Ethereum staking and treasury management. This follows the sale of its underwritten offering, which raised approximately $172 million.
Bit Digital has deployed the net capital to purchase ETH, alongside converting its Bitcoin holdings to ETH. This combined purchase brings the company’s Ethereum holdings to a total of 100,603 ETH, which amounts to around $254 million based on the current ETH price.
“We believe Ethereum has the ability to rewrite the entire financial system. Ethereum’s programmable nature, growing adoption, and staking yield model represent the future of digital assets,” said Sam Tabar, CEO of Bit Digital.
He also added, “We are starting with exposure to over 100K ETH for now, but we intend to aggressively add more so we become the preeminent ETH holding company in the world.”
Bit Digital is moving with the ever-growing crypto space. In its move to becoming one of the largest treasury companies in the world, the company sees opportunities in the solutions Ethereum blockchain offers and aligns itself with the blockchain’s long-term potential.
The CEO seems to be a strong proponent of ETH, as seen in one of his recent posts on X: “I’ve been in this space for many years and I’ve watched investors feel like they missed the Bitcoin wave. Ethereum represents that next wave of traction.”
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