Bit Digital has executed a strategic shift in its treasury holdings, officially transitioning from Bitcoin (BTC) to an Ethereum (ETH)-focused portfolio. According to announcements made on July 7, the Nasdaq-listed firm has liquidated approximately 280 Bitcoin and now holds roughly 100,603 Ethereum tokens, positioning itself among the world’s largest institutional holders of ETH.
This significant treasury revision follows a public equity offering completed by Bit Digital in June, through which the company raised $172 million, specifically allocated to expanding its Ethereum holdings. Prior to this offering, the company already possessed 24,434 ETH as of March 2025. The recent ETH acquisitions represent more than a quadrupling of the company’s Ethereum reserve.
CEO Sam Tabar emphasized the rationale behind the move as a strategic, long-term bet on Ethereum’s potential to transform the financial landscape. In highlighting Ethereum’s programmability, widespread adoption, and staking mechanism providing consistent yields, Tabar stated, “We are starting with exposure to more than 100,000 ETH, but we plan on aggressively increasing our holdings to solidify our position as the world’s leading institutional Ethereum holding company.”
This pivot coincides with Bit Digital’s exit from its previous Bitcoin mining operations. By adopting Ethereum’s proof-of-stake model, the firm can generate yields from token staking, avoiding the ongoing operational and sales pressures associated with mining activities.
Since initiating its Ethereum staking infrastructure in 2022, Bit Digital has rapidly grown to operate a significant validator network, characterized by institutional-level security and active participation in governance processes. Currently controlling Ethereum holdings valued at over $300 million and with clear intentions to continue expanding, Bit Digital is effectively staking its corporate balance sheet on the growth and long-term sustainability of the Ethereum ecosystem.
This strategic transition aligns with broader institutional momentum toward adopting Ethereum as a key diversification and yield-generating treasury asset. Similar Ethereum-focused treasury strategies have emerged within public companies like BioNexus Gene Lab and SharpLink Gaming. Collectively, these companies and others have formed the Strategic ETH Reserve, a consortium tracking over 1.2 million ETH held in public-company corporate treasuries.
While Bitcoin remains the dominant cryptocurrency treasury asset globally, Ethereum has gained traction among institutional investors due to its integral role in decentralized finance (DeFi), deflationary tokenomics, and consistent staking returns that typically average between 3% and 5% annually.
