Bit Digital (BTBT) Skyrockets 26% After Doubling Down on Ethereum—100K+ ETH Bet Signals Bullish Gamble

Wall Street scrambles as Bit Digital's crypto pivot pays off—for now.

The Ethereum Power Play

BTBT's stock surge mirrors its aggressive accumulation of over 100,000 ETH, a move that screams confidence (or desperation) in Ethereum's post-merge future. Institutional investors are either nodding approvingly or rolling their eyes at yet another 'hedge against inflation' narrative.

Miners Turned Speculators

Once known for Bitcoin mining, Bit Digital's shift into ETH staking and DeFi positions it as a high-risk, high-reward proxy for crypto's volatile smart contract darling. Because nothing says 'stable growth' like betting six figures on a blockchain still battling gas fees.

The Cynic's Corner

Let’s be real—this 26% pop smells like FOMO. Traders are piling into BTBT like it’s 2021, ignoring the fact that 'crypto stock' remains an oxymoron for risk-averse portfolios. But hey, when the SEC starts approving ETH ETFs, expect the suits to finally 'get it.'

TLDR

• Bit Digital Goes All-In on ETH, Dumps BTC Holdings
• Bit Digital Shifts to Ethereum, Stock Soars 26%
• Bit Digital Bets Big on ETH with 100K+ Tokens
• From BTC to ETH: Bit Digital’s Bold New Strategy
• Bit Digital Now a Top Public Ethereum Staker

Bit Digital (BTBT) stock jumped 26.02% in morning trading after the company revealed a massive shift to Ethereum. The stock ROSE $0.7650 to $3.7050 as of 11:57 AM EDT, reaching a morning high of $3.7150. This rise followed the company’s announcement of a completed transition to an Ethereum-focused treasury strategy.

Bit Digital, Inc. (BTBT)

Bit Digital Completes Ethereum Treasury Pivot

Bit Digital confirmed it deployed proceeds from a recent public offering to expand its ethereum holdings. The company raised about $172 million in gross proceeds and used the capital to buy ETH. In addition, it sold 280 BTC to increase Ethereum exposure.

Bit Digital held 24,434 ETH as of March 31, 2025. After new acquisitions, the company’s ETH holdings now total around 100,603. This marks a decisive shift from its earlier mixed-asset approach to a singular focus on Ethereum.

The company stated that Ethereum’s programmable structure and staking model align with its long-term goals. This new strategy positions Bit Digital as a major player in institutional Ethereum staking. The company plans to increase its ETH position beyond the current 100K.

Bitcoin Holdings Exited to Fund Ethereum Expansion

To accelerate its Ethereum push, Bit Digital exited a portion of its Bitcoin position. The company sold approximately 280 BTC and used the proceeds to acquire additional ETH. This marks a notable break from previous dual-asset holdings.

The MOVE aligns with the company’s broader strategy of focusing on Ethereum-native staking and treasury growth. With these actions, Bit Digital is refocusing its digital asset exposure around Ethereum. The company seeks to lead in ETH-centric public market exposure.

Previously, Bit Digital operated with both bitcoin and Ethereum assets in its treasury. Now, it is optimizing operations around Ethereum staking, custody, and validator infrastructure. This approach supports the company’s aim to dominate Ethereum-based public market positioning.

Ethereum Strategy Drives Institutional Focus and Yield Goals

Bit Digital now runs one of the largest Ethereum validator infrastructures among public companies. It offers staking, protocol governance, and onchain yield strategies through institutional-grade platforms. This reinforces its shift toward a long-term Ethereum-centric model.

The company uses strategic partnerships within the Ethereum ecosystem to support scale, compliance, and security. With this foundation, it targets enhanced onchain returns and sustainable platform growth. Bit Digital has aligned operational strategy, capital allocation, and platform buildout to maximize Ethereum exposure.

Bit Digital positions itself as a leading Ethereum holding and staking company. It aims to scale beyond 100K ETH and expand its footprint in the ETH ecosystem. As the platform matures, the company sees Ethereum as central to digital asset finance.