Bit Digital’s $1 Billion Share Capital Increase to Boost Ethereum Holdings Signals Strong Institutional Confidence

Nasdaq-listed Bit Digital has announced a bold move to expand its Ethereum (ETH) holdings by proposing a $1 billion share capital increase. The company plans to raise its authorized share capital from 340 million to 1 billion shares, pending shareholder approval in September 2025. This strategic decision underscores Bit Digital's commitment to strengthening its position as one of the largest public holders of Ethereum, reflecting growing institutional confidence in the cryptocurrency's long-term value proposition. The capital raise is expected to fuel further acquisitions of ETH, aligning with the company's bullish outlook on the digital asset's future. As of July 2025, this development marks a significant milestone in institutional adoption of Ethereum and highlights the increasing convergence of traditional finance with the cryptocurrency sector.

Bit Digital Plans $1 Billion Share Capital Increase to Expand Ethereum Holdings

Nasdaq-listed Bit Digital has approved a plan to increase its authorized share capital from 340 million to 1 billion shares, pending shareholder approval in September. The move aims to fund additional ethereum (ETH) acquisitions, reinforcing the company's position as one of the largest public holders of the cryptocurrency.

The strategic expansion signals institutional confidence in Ethereum's long-term value proposition. Bit Digital's aggressive accumulation of ETH mirrors broader trends of public companies allocating treasury resources to digital assets.

Ethereum Unstaking Queue Hits Record High as Institutional Players Exit

Ethereum's unstaking queue has surged to unprecedented levels, with over 733,000 ETH—worth approximately $2.76 billion—awaiting withdrawal. The backlog now spans 13 days, marking the longest delay in the network's history. Simultaneously, Ethereum's validator count has surpassed 1 million, locking 35.6 million ETH in staking contracts—nearly 30% of the total supply. This influx has driven annualized staking rewards down to 2.97%.

ARK Invest CEO Cathie Wood attributes the exodus to institutional actors rather than retail investors. Venture capital firms and corporate treasury departments are withdrawing ETH in large volumes, she noted on X. The movement coincides with Robinhood's limited-time 2% deposit bonus for Gold-tier users, which appears to be exacerbating liquidity shifts. "Treasury companies and VC firms are aggressively reallocating staked ETH into digital asset trusts," Wood observed, drawing parallels to how wirehouse advisors use stocks like MicroStrategy to provide crypto exposure.

Huddle01 Launches New Testnet Phase with Airdrop Potential

Huddle01, a decentralized real-time communication network built on Arbitrum, has initiated its latest testnet phase—HUDL Testnet Act II: The Nexus Chapter 2. The project, backed by $4.4 million in funding from notable investors like Balaji Srinivasan and Stani Kulechov, invites users to participate in quests for potential token rewards.

Participants must connect a Metamask wallet, claim test ETH, and complete tasks in the Quests Arena. Badge minting and leaderboard tracking further enhance engagement. The streamlined process positions early adopters favorably for an anticipated airdrop.

Ethereum Price Gains 75%: What’s Fueling the Rally?

Ethereum surged to $3,740 with a 24-hour trading volume of $32.74 billion, marking a 75% rally since late June. Institutional interest has reached a milestone this July, driven by record ETF inflows and whale accumulation.

Spot ETF inflows shattered expectations on July 25, with $452.8 million net inflows—$440.1 million from BlackRock’s ETHA alone. This dwarfs early July figures, signaling a seismic shift in institutional demand.

Glassnode data reveals 170 new 'mega whale' addresses holding over 10,000 ETH, underscoring growing confidence among large holders. The convergence of ETF momentum and whale activity suggests sustained upward pressure on Ethereum’s price.

Weekly Crypto Market Update: Ethereum's Rally, CoinDCX Hack, and Altcoin Developments

Ethereum surged past $3,800 this week, reaching its highest level since January 2022. Institutional interest and regulatory clarity fueled the rally, with $2.18 billion in ETF inflows and major firms like Bitmine and Sharplink holding over $1 billion in ETH. The DeFi ecosystem continues to thrive.

Indian exchange CoinDCX suffered a $44.2 million hack on July 19, 2025, linked to North Korea's Lazarus Group. The attack mirrored the 2024 WazirX breach, featuring pre-attack test transactions and cross-chain tactics.

CryptoPunks Purchases Shake Up the NFT Market

The NFT market has surged following a single buyer's acquisition of six rare CryptoPunks NFTs for over $2.9 million. These hoodie-adorned digital assets, traded on OpenSea, triggered a Ripple effect across the sector. Floor prices for leading collections like CryptoPunks jumped 29% to 51 ETH ($190,000), while Pudgy Penguins and Bored Ape Yacht Club saw gains of 66.7% and 9.8% respectively.

Market capitalization swelled 66% to $6 billion within 30 days, with CryptoPunks commanding over 30% dominance. The strategic accumulation by this buyer—now holding 12 Punks—signals renewed institutional interest. Yet volumes remain below 2021-2022 peaks, suggesting cautious Optimism rather than speculative frenzy.