Bit Digital Goes All-In on Ethereum, Accumulates Over 100K ETH in Major Treasury Shift

Bit Digital, Inc. (Nasdaq: BTBT) has completed a dramatic strategic pivot, converting its entire corporate treasury from Bitcoin to Ethereum following a $172 million public equity raise. The company now holds over 100,000 ETH, positioning itself as one of the largest corporate Ethereum holders among public companies.

The transition represents one of the most significant corporate treasury shifts in the digital asset space, with Bit Digital selling approximately 280 BTC and deploying the proceeds alongside fresh capital to accumulate Ethereum. The move signals growing institutional confidence in Ethereum's long-term potential as a programmable financial infrastructure.

Strategic Treasury Transformation

The company's leadership under Ethereum veteran Sam Tabar has positioned Bit Digital as a focused Ethereum treasury platform in the public markets, with ambitious plans for further accumulation.

Prior to its recent underwritten public offering, Bit Digital held 24,434 ETH as of March 31, 2025. Following the additional ETH acquisitions funded by the net proceeds of the public offering and the sale of its Bitcoin position, the company has accumulated approximately 100,603 ETH, Bit Digital announced on 7 July in a statement .

"We believe Ethereum has the ability to rewrite the entire financial system," said Tabar. "Ethereum's programmable nature, growing adoption, and staking yield model represent the future of digital assets."

Aggressive Growth Strategy

CEO Tabar emphasized the company's expansion ambitions: "Bit Digital is aligning itself with Ethereum's long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets. 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's strategy extends beyond simple treasury accumulation. The company has been building institutional-grade Ethereum infrastructure since 2022, operating one of the largest institutional Ethereum staking infrastructures globally. The platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization capabilities.

This infrastructure approach allows Bit Digital to generate staking yields on its ETH holdings while participating in Ethereum's proof-of-stake consensus mechanism, providing both capital appreciation potential and ongoing yield generation.

The treasury shift represents a significant strategic pivot for Bit Digital, transforming from a diversified approach to a pure-play Ethereum strategy. The company's emphasis on staking infrastructure and yield optimization suggests a more active approach to digital asset treasury management compared to traditional "buy and hold" strategies.

With over 100,000 ETH now in its treasury and plans for aggressive expansion, Bit Digital is positioning itself to become the dominant public company vehicle for institutional Ethereum exposure, potentially establishing a new model for corporate digital asset strategies focused on programmable blockchain infrastructure rather than traditional store-of-value assets.