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Bit Digital now holds 154,398.7 $ETH , valued at $461.9M
With 89% staked and 506 $ETH added in November, they're pushing the envelope in Ethereum accumulation.
#ETH #Ethereum #BitDigital
Bit Digital now holds 154,398.7 $ETH , valued at $461.9M
With 89% staked and 506 $ETH added in November, they're pushing the envelope in Ethereum accumulation.
#ETH #Ethereum #BitDigital
Bit Digital Raises $163M to Boost Ethereum Treasury Strategy
โก๏ธ In a significant move for the cryptocurrency mining sector, Bit Digital, a leading mining company, has secured $163 million in net proceeds through a stock offering to enhance its Ethereum strategy. ๐ Announced recently, this capital infusion aims to strengthen the companyโs position in the Ethereum ecosystem, capitalizing on the networkโs growing relevance in decentralized finance (DeFi) and smart contracts. The funds will support infrastructure upgrades, staking operations, and potential treasury diversification, reflecting Bit Digitalโs pivot toward Ethereum amid Bitcoinโs dominance. ๐
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ป Bit Digitalโs strategy mirrors a broader trend among miners diversifying beyond Bitcoin. With Ethereumโs price recovering from a 69% drop in early 2025 to around $2,739, the networkโs $500 billion market cap underscores its appeal. ๐ The $163 million will likely fund advanced mining hardware and energy-efficient solutions, crucial as Ethereum transitions to proof-of-stake post-Merge. Industry experts suggest this could position Bit Digital to capture a larger share of Ethereumโs staking rewards, which have grown with institutional interest in Ethereum ETFs. ๐
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ง Challenges loom large, however. Ethereumโs volatility, coupled with regulatory uncertainties, poses risks to Bit Digitalโs expansion. ๐ The company must navigate energy costs and market corrections, especially as some analysts predict Ethereum could hit $4,000 by year-end, per Standard Charteredโs outlook. Moreover, the stock offering dilutes existing shareholders, a move that has sparked debate on X, where some users praise the long-term vision while others question short-term profitability. ๐
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ก This development coincides with broader crypto trends, including the SECโs recent approval of Grayscaleโs crypto large-cap ETF, which includes Ethereum. Bit Digitalโs move could attract investors seeking exposure to Ethereumโs growth without direct mining risks. The companyโs leadership has emphasized a balanced approach, blending mining with treasury holdings to mitigate volatility. ๐ With the crypto market cap nudging $3.3 trillion, Bit Digitalโs bet on Ethereum signals confidence in altcoinsโ future. Will this strategy pay off, or is it a risky gamble in a fluctuating market? The answer lies in Ethereumโs adoption trajectory and Bit Digitalโs execution.
#Ethereum #BitDigital #CryptoMining
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ป Bit Digitalโs strategy mirrors a broader trend among miners diversifying beyond Bitcoin. With Ethereumโs price recovering from a 69% drop in early 2025 to around $2,739, the networkโs $500 billion market cap underscores its appeal. ๐ The $163 million will likely fund advanced mining hardware and energy-efficient solutions, crucial as Ethereum transitions to proof-of-stake post-Merge. Industry experts suggest this could position Bit Digital to capture a larger share of Ethereumโs staking rewards, which have grown with institutional interest in Ethereum ETFs. ๐
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ง Challenges loom large, however. Ethereumโs volatility, coupled with regulatory uncertainties, poses risks to Bit Digitalโs expansion. ๐ The company must navigate energy costs and market corrections, especially as some analysts predict Ethereum could hit $4,000 by year-end, per Standard Charteredโs outlook. Moreover, the stock offering dilutes existing shareholders, a move that has sparked debate on X, where some users praise the long-term vision while others question short-term profitability. ๐
๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ก This development coincides with broader crypto trends, including the SECโs recent approval of Grayscaleโs crypto large-cap ETF, which includes Ethereum. Bit Digitalโs move could attract investors seeking exposure to Ethereumโs growth without direct mining risks. The companyโs leadership has emphasized a balanced approach, blending mining with treasury holdings to mitigate volatility. ๐ With the crypto market cap nudging $3.3 trillion, Bit Digitalโs bet on Ethereum signals confidence in altcoinsโ future. Will this strategy pay off, or is it a risky gamble in a fluctuating market? The answer lies in Ethereumโs adoption trajectory and Bit Digitalโs execution.
#Ethereum #BitDigital #CryptoMining
See original
Bit Digital (Nasdaq: BTBT) raised $162.9 million from the issuance of 86.25 million shares, used to purchase Ethereum ($ETH ) and convert 417.6 $BTC (~$44.9 million) to ETH. The company, which has been focused on Ethereum staking and treasury since 2022, currently owns 24,434 ETH (~$59.8 million) and operates a large-scale staking infrastructure. #BitDigital stopped mining Bitcoin, completely switching to ETH, following the trend of BitMine (raised $250 million for ETH). After the announcement, BTBT shares increased by 4%, reaching a market capitalization of $655 million. This move strengthens Ethereum's role in finance, promoting DeFi and blockchain. Risk Warning: Information is for reference only, not investment advice.
๐จ Bit Digital is exiting Bitcoin mining to double down on ETH staking! ๐ช๐ฅ
The company is shifting its focus, moving away from BTC mining to fully concentrate on Ethereum staking operations.
Big move in the crypto mining space! โ๏ธ๐
#Ethereum #ETHStaking #CryptoNews #BitDigital #Blockchain #Crypto$ETH
The company is shifting its focus, moving away from BTC mining to fully concentrate on Ethereum staking operations.
Big move in the crypto mining space! โ๏ธ๐
#Ethereum #ETHStaking #CryptoNews #BitDigital #Blockchain #Crypto$ETH
Bit Digital, a Nasdaq-listed company, plans to raise $1 billion to expand its Ethereum holdings, signaling a strategic shift from Bitcoin mining to Ethereum staking and treasury management. With 120,306 ETH valued at $450 million, Bit Digital aims to capitalize on Ethereum's growth potential, leveraging its programmability and staking yield. This move reflects growing institutional adoption of Ethereum #EthereumInvestment #BitDigital
#ETH
#ETH
๐ Bit Digital Q2 Revenue Falls, ETH Pivot Gains Traction
Ethereum($ETH ) News
๐ฐ Q2 Financials:
Revenue: $25.7M (โ 11.7% YoY)
Net Income: $14.9M vs. $12M loss last year
โ Mining Impact:
Bitcoin mining revenue: $6.6M (โ 58.8%)
Drop due to higher network difficulty & April halving
โ Ethereum Treasury Shift:
Earned 166.8 ETH in Q2 from staking
21,568 ETH actively staked during the quarter
As of Aug 11: 105,015 ETH staked, generating 3.1% APY
๐ฃ CEO Insight: Sam Tabar says Bit Digital aims to become one of the largest on-chain ETH treasuries among public companies โ delivering attractive staking yields to shareholders.
#Ethereum #ETHStaking #CryptoNews #BitDigital #blockchain
๐ฐ Q2 Financials:
Revenue: $25.7M (โ 11.7% YoY)
Net Income: $14.9M vs. $12M loss last year
โ Mining Impact:
Bitcoin mining revenue: $6.6M (โ 58.8%)
Drop due to higher network difficulty & April halving
โ Ethereum Treasury Shift:
Earned 166.8 ETH in Q2 from staking
21,568 ETH actively staked during the quarter
As of Aug 11: 105,015 ETH staked, generating 3.1% APY
๐ฃ CEO Insight: Sam Tabar says Bit Digital aims to become one of the largest on-chain ETH treasuries among public companies โ delivering attractive staking yields to shareholders.
#Ethereum #ETHStaking #CryptoNews #BitDigital #blockchain
๐จ BREAKING: Bit Digital Acquires 31,057 $ETH Worth $140M, Becomes 6th-Largest Ethereum Holder Among Public Companies
#ETH #BitDigital
#ETH #BitDigital
โข JUST IN ๐บ๐ธ
โข Bit Digital adds 31,057 $ETH to its holdings worth $138.7M ๐ฐ
โข The publicly traded firm continues expanding its crypto reserves amid market strength ๐ฅ
โข Institutions are quietly stacking again ๐
$OPEN $BARD
#Ethereum #ETH #Crypto #BitDigital #PerpDEXRace
โข Bit Digital adds 31,057 $ETH to its holdings worth $138.7M ๐ฐ
โข The publicly traded firm continues expanding its crypto reserves amid market strength ๐ฅ
โข Institutions are quietly stacking again ๐
$OPEN $BARD
#Ethereum #ETH #Crypto #BitDigital #PerpDEXRace
๐ฅ Breaking News: Bit Digital just made a massive move โ purchasing 5,408 $ETH ($25+ million)! ๐
This bold accumulation signals rising institutional confidence in Ethereumโs long-term potential. ๐
#ETH #BitDigital #CryptoNews
This bold accumulation signals rising institutional confidence in Ethereumโs long-term potential. ๐
#ETH #BitDigital #CryptoNews
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Bit Digital Purchases an Additional $140 Million USD in ETH, Surpassing Coinbase in Holdings
Bit Digital has just announced a significant transaction by purchasing an additional 31,057 ETH, bringing the total amount held in the company's treasury to an impressive 150,244 $ETH . This asset is equivalent to approximately $675 million USD, with an average purchase price of around $4,492 USD/ETH.
Becoming the 6th Largest Entity Holding ETH Globally
To finance this ETH purchase, Bit Digital utilized funds drawn from the $150 million USD successfully raised through a convertible bond offering last month. This fundraising involved major financial institutions such as Kraken Financial, Jump Trading Credit, and Jane Street Capital.
With a total of 150,244 ETH in the treasury, #BitDigital has officially surpassed Coinbase in holdings, thus becoming the 6th entity with the most ETH globally. However, according to data, the leading position still belongs to #Bitmine .
This move reaffirms Bit Digital's strategy of focusing on accumulating digital assets, particularly Ethereum, strengthening the company's position in the crypto space. The purchases funded by leading financial institutions also reflect Wall Street's confidence in the growth potential and strategic role of Ethereum in the future of digital finance. #anh_ba_cong
Bit Digital has just announced a significant transaction by purchasing an additional 31,057 ETH, bringing the total amount held in the company's treasury to an impressive 150,244 $ETH . This asset is equivalent to approximately $675 million USD, with an average purchase price of around $4,492 USD/ETH.
Becoming the 6th Largest Entity Holding ETH Globally
To finance this ETH purchase, Bit Digital utilized funds drawn from the $150 million USD successfully raised through a convertible bond offering last month. This fundraising involved major financial institutions such as Kraken Financial, Jump Trading Credit, and Jane Street Capital.
With a total of 150,244 ETH in the treasury, #BitDigital has officially surpassed Coinbase in holdings, thus becoming the 6th entity with the most ETH globally. However, according to data, the leading position still belongs to #Bitmine .
This move reaffirms Bit Digital's strategy of focusing on accumulating digital assets, particularly Ethereum, strengthening the company's position in the crypto space. The purchases funded by leading financial institutions also reflect Wall Street's confidence in the growth potential and strategic role of Ethereum in the future of digital finance. #anh_ba_cong
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Bit Digital's stock fell 19% over the past week (from $2.40 to $1.99) after announcing the issuance of $150 million in stock and shifting from Bitcoin mining to Ethereum staking (CoinGecko, BTC price ~$106,000, ETH ~$2,440, 30/06/2025). Despite the stock price dropping another 4% after the announcement and falling from 12th to 13th in the BTC mining industry, the company remains steadfast in its new strategy. Year-to-date, stock #BitDigital has lost 40% of its value. This move reflects the trend towards DeFi but raises concerns about market share risk.
Risk warning: Information is for reference only and not investment advice.
Risk warning: Information is for reference only and not investment advice.
Bit Digital Swaps BTC for ETH in $172M Treasury Overhaul
Bit Digital has made a bold treasury moveโselling off 280 BTC and allocating $172 million to purchase over 100,000 ETH. This shift makes the Nasdaq-listed firm one of the largest public holders of Ethereum.
CEO Sam Tabar says the company is betting big on Ethereumโs long-term value. Bit Digitalโs ETH holdings have surged 300% since Q1 2025, signaling a strong pivot away from Bitcoin.
Analysts expect more institutions to follow suit, especially as stablecoins gain traction. With Ethereum dominating the stablecoin infrastructure, experts predict a 10x rise in ETH and SOL treasury adoption by 2026.
Despite recent volatility, ETH remains technically poised for a breakout, currently trading around $2,550.
$ETH $BTC $SOL
#Ethereum #BitDigital #BinanceNews #CryptoShift
CEO Sam Tabar says the company is betting big on Ethereumโs long-term value. Bit Digitalโs ETH holdings have surged 300% since Q1 2025, signaling a strong pivot away from Bitcoin.
Analysts expect more institutions to follow suit, especially as stablecoins gain traction. With Ethereum dominating the stablecoin infrastructure, experts predict a 10x rise in ETH and SOL treasury adoption by 2026.
Despite recent volatility, ETH remains technically poised for a breakout, currently trading around $2,550.
$ETH $BTC $SOL
#Ethereum #BitDigital #BinanceNews #CryptoShift
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Bit Digital 'pumps' an additional 71 million USD to acquire ETH, stock price increases by 110%
Bit Digital has recently attracted attention by spending an additional 71 million USD to purchase 19,683 ETH, raising its total Ethereum holdings to over 120,000 $ETH , officially making it one of the top 10 publicly traded companies with the most ETH in the world.
This transaction was carried out right after Bit Digital completed a stock issuance worth 67.3 million USD for institutional investors on July 14. Previously, the company also transferred all 417.6 BTC (~50 million USD) to ETH and successfully raised 163 million USD to expand its treasury #Ethereum .
Beginning its strategy of accumulating and staking ETH in 2022, Bit Digital currently owns one of the largest Ethereum staking infrastructures globally, second only to Coinbase, SharpLink, and BitMine. The company directly operates validators, earns staking yields, and contributes to the security of the Ethereum network.
According to #BitDigital , Ethereum is not only a digital asset but also a core collateral asset for stablecoins, encrypted assets, and decentralized applications, playing a central role in the upcoming on-chain economy.
The massive ETH accumulation along with long-term confidence has helped BTBT stock 'surge' by 110% in just one month, from 1.99 USD at the end of June 2025 to over 4.1 USD before the latest trading session.
Bit Digital has recently attracted attention by spending an additional 71 million USD to purchase 19,683 ETH, raising its total Ethereum holdings to over 120,000 $ETH , officially making it one of the top 10 publicly traded companies with the most ETH in the world.
This transaction was carried out right after Bit Digital completed a stock issuance worth 67.3 million USD for institutional investors on July 14. Previously, the company also transferred all 417.6 BTC (~50 million USD) to ETH and successfully raised 163 million USD to expand its treasury #Ethereum .
Beginning its strategy of accumulating and staking ETH in 2022, Bit Digital currently owns one of the largest Ethereum staking infrastructures globally, second only to Coinbase, SharpLink, and BitMine. The company directly operates validators, earns staking yields, and contributes to the security of the Ethereum network.
According to #BitDigital , Ethereum is not only a digital asset but also a core collateral asset for stablecoins, encrypted assets, and decentralized applications, playing a central role in the upcoming on-chain economy.
The massive ETH accumulation along with long-term confidence has helped BTBT stock 'surge' by 110% in just one month, from 1.99 USD at the end of June 2025 to over 4.1 USD before the latest trading session.
See original
๐ BitDigital shifts treasury strategy โ from BTC to ETH >100K ETH
๐น Bit Digital (NASDAQ: BTBT) has just completed its treasury asset transition strategy: it sold approximately 280 BTC and used 172 million USD from a stock issuance to purchase additional ETH, increasing its inventory to ~100,603 ETH, nearly ~4 times compared to 24,434 ETH in Q1 2025.
๐ Market reaction: BTBT shares rose over 29% in one day, with trading volume surging after this news.
๐งญ Motivations for the transition:
According to CEO Sam Tabar, ETH possesses advantages of smart contracts, staking, and programmability โ shaping the future digital financial system.
Bit Digital began building staking and validation infrastructure in 2022, now aiming to become one of the largest holders of ETH in the world.
๐ General trend:
ETH is attracting institutional capital, with over 11 consecutive weeks of inflows into related funds.
Companies like SharpLink and BitMine are also expanding their ETH reserves โ confirming the trend of corporate treasury shifting from BTC to ETH.
๐ฏ In summary: Bit Digital is a living testament to the โEthereum treasureโ movement โ leveraging benefits from staking and DeFi. If you are looking towards the future of ETH, keep an eye on developments from treasury companies gradually shifting from Bitcoin!
#Ethereum #ETH #TreasuryStrategy #BitDigital #BinanceSquare
๐น Bit Digital (NASDAQ: BTBT) has just completed its treasury asset transition strategy: it sold approximately 280 BTC and used 172 million USD from a stock issuance to purchase additional ETH, increasing its inventory to ~100,603 ETH, nearly ~4 times compared to 24,434 ETH in Q1 2025.
๐ Market reaction: BTBT shares rose over 29% in one day, with trading volume surging after this news.
๐งญ Motivations for the transition:
According to CEO Sam Tabar, ETH possesses advantages of smart contracts, staking, and programmability โ shaping the future digital financial system.
Bit Digital began building staking and validation infrastructure in 2022, now aiming to become one of the largest holders of ETH in the world.
๐ General trend:
ETH is attracting institutional capital, with over 11 consecutive weeks of inflows into related funds.
Companies like SharpLink and BitMine are also expanding their ETH reserves โ confirming the trend of corporate treasury shifting from BTC to ETH.
๐ฏ In summary: Bit Digital is a living testament to the โEthereum treasureโ movement โ leveraging benefits from staking and DeFi. If you are looking towards the future of ETH, keep an eye on developments from treasury companies gradually shifting from Bitcoin!
#Ethereum #ETH #TreasuryStrategy #BitDigital #BinanceSquare
See original
๐ #BitDigital large pivot โ from BTC to ETH treasury!
๐น On July 7, 2025, Bit Digital announced it had sold all 280 BTC and used 172 million USD โ from stock issuance โ to buy more ETH, increasing the total amount of ETH to 100,603 ETH, ranking second among listed companies (only behind Coinbase).
๐น CEO Samir Tabar stated:
"We have exited the profitable Bitcoin mine and poured everything into Ethereum... ETH has the potential to rewrite the financial system."
๐ Market reaction:
โ BTBT shares rose ~29% on the day, market capitalization returning to over 1 billion USD.
โ ETH also increased approximately +22% in the last 2 weeks, but BTC has somewhat lagged behind ETH.
๐ Why is it noteworthy?
Bit Digital follows the trend of "Ethereum treasury" similar to SharpLink, BitMineโฆ asserting that Ethereum is being trusted and held long-term by organizations.
ETH is not only a reserve asset but also an ecosystem for staking, DeFi & real-world assets, suitable for corporate treasury.
๐ Conclusion: This is clear evidence of the "ETH treasury" trend among businesses โ not only Bitcoin but Ethereum is now considered a "blue-chip digital financial chain". If you are monitoring corporate treasury movements, Bit Digital is a noteworthy case study for entering a long-term ETH position.
#Ethereum #ETH #TreasuryStrategy #BitDigital
๐น On July 7, 2025, Bit Digital announced it had sold all 280 BTC and used 172 million USD โ from stock issuance โ to buy more ETH, increasing the total amount of ETH to 100,603 ETH, ranking second among listed companies (only behind Coinbase).
๐น CEO Samir Tabar stated:
"We have exited the profitable Bitcoin mine and poured everything into Ethereum... ETH has the potential to rewrite the financial system."
๐ Market reaction:
โ BTBT shares rose ~29% on the day, market capitalization returning to over 1 billion USD.
โ ETH also increased approximately +22% in the last 2 weeks, but BTC has somewhat lagged behind ETH.
๐ Why is it noteworthy?
Bit Digital follows the trend of "Ethereum treasury" similar to SharpLink, BitMineโฆ asserting that Ethereum is being trusted and held long-term by organizations.
ETH is not only a reserve asset but also an ecosystem for staking, DeFi & real-world assets, suitable for corporate treasury.
๐ Conclusion: This is clear evidence of the "ETH treasury" trend among businesses โ not only Bitcoin but Ethereum is now considered a "blue-chip digital financial chain". If you are monitoring corporate treasury movements, Bit Digital is a noteworthy case study for entering a long-term ETH position.
#Ethereum #ETH #TreasuryStrategy #BitDigital
๐จ Big news in the crypto world! ๐จ
Public miner Bit Digital is shutting down its BTC mining operations to focus on ETH staking. ๐ด
This marks a major shift as the company pivots towards Ethereumโs Proof-of-Stake model. ๐โก๏ธ๐
#CryptoNews #BitDigital #ETHStaking #Bitcoin #Ethereum #Blockchain$ETH
Public miner Bit Digital is shutting down its BTC mining operations to focus on ETH staking. ๐ด
This marks a major shift as the company pivots towards Ethereumโs Proof-of-Stake model. ๐โก๏ธ๐
#CryptoNews #BitDigital #ETHStaking #Bitcoin #Ethereum #Blockchain$ETH
BREAKING: Ripple applies for a U.S. National Bank License, a game-changer for cross-border payments, aligning with the OCC's 2025 clarification allowing crypto activities without prior approval.
With a 95% chance of an XRP ETF approval in 2025 per Bloomberg, and $XRP consolidating at $2-$2.35, the market's buzzing.
This move echoes Trump's March 2025 bitcoin reserve order, signaling a bold U.S. shift toward crypto integration.
#BitDigital
#CircleIPOCircle
#Circle
With a 95% chance of an XRP ETF approval in 2025 per Bloomberg, and $XRP consolidating at $2-$2.35, the market's buzzing.
This move echoes Trump's March 2025 bitcoin reserve order, signaling a bold U.S. shift toward crypto integration.
#BitDigital
#CircleIPOCircle
#Circle
๐จJUST IN: ๐บ๐ธ Publicly traded Bit Digital plans to raise $1,000,000,000 to buy more $ETH
#BitDigital
#BitDigital
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