Bit Digital converts treasury to ethereum after $172 million

Bit Digital, a digital asset company, has announced a significant shift in its corporate treasury strategy, moving its entire treasury from Bitcoin to

Ethereum. The company executed this transition after a public equity offering that raised $172 million, which was used to acquire Ethereum. Additionally, Bit Digital sold approximately 280 BTC from its reserves to further increase its ETH holdings.

Bit Digital, a digital asset company, has announced a significant shift in its corporate treasury strategy, moving its entire treasury from Bitcoin to Ethereum. The company executed this transition after a public equity offering that raised $172 million, which was used to acquire Ethereum. Additionally, Bit Digital sold approximately 280 BTC from its reserves to further increase its ETH holdings.

This move has made Bit Digital on

e of the largest public holders of Ethereum, with its holdings now at approximately 100,603 ETH, a substantial increase from the 24,434 ETH it held as of March 31, 2025. The company’s CEO, Sam Tabar, cited Ethereum’s “programmable nature, growing adoption, and staking yield model” as key reasons for the strategic pivot, stating that the company believes Ethereum will play a larger role in enterprise blockchain strategies.

Bit Digital has been actively staking its Ethereum holdings since 2022 to earn passive income from validator operations. This decision by Bit Digital

highlights a growing trend among some public companies to explore different digital assets beyond Bitcoin for their treasury strategies, seeking not only a store

 

of value but also assets that can generate yield and support other operational functions. Following the announcement, the company’s stock price experienced a significant jump, indicating strong investor support for its new strategy.

 

This move has made Bit Digital one of the largest public holders of Ethereum, with its holdings now at approximately 100,603 ETH, a substantial increase from

 

the 24,434 ETH it held as of March 31, 2025. The company’s CEO, Sam Tabar, cited Ethereum’s “programmable nature, growing adoption, and staking yield

 

model” as key reasons for the strategic pivot, stating that the company believes Ethereum will play a larger role in enterprise blockchain strategies.

Bit Digital has been actively staking its Ethereum holdings since 2022 to earn passive income from validator operations. This decision by Bit Digital

highlights a growing trend among some public companies to explore different digital assets beyond Bitcoin for their treasury strategies, seeking not only a

store of value but also assets that can generate yield and support other operational functions. Following the announcement, the company’s stock price experienced a significant jump, indicating strong investor support for its new strategy.