Bit Digital Ditches Bitcoin for a 100K $ETH Treasury — Why It Matters 🧠

Nasdaq-listed Bit Digital has officially shifted its corporate treasury from Bitcoin to Ethereum, selling its BTC stash and using raised capital to build a massive ETH position. This pivot was confirmed via a company release and is drawing serious attention in crypto markets .

🧩 Key Moves & Metrics

BTC Exit: Rounded off holdings by selling ~280 BTC

Capital Raise: Secured roughly $172 million through a public equity offering

ETH Accumulation: A massive jump—from 24,434 ETH (end of Q1) to 100,603 ETH as of the latest update

Stock Performance: Shares surged ~19–29%, landing in the $3.60–$3.70 range post-announcement

🔍 Why This Shift Matters

1. Ethereum Over Bitcoin:

Management calls ETH’s programmability, staking yield, and broader ecosystem as reasons they're now a fully ETH-centric treasury. The aim is to become the top public corporate holder of Ethereum .

2. Market Signal:

While Bitcoin treasury plays dominated earlier this year, Bit Digital’s pivot is evidence of growing corporate confidence in Ethereum’s long-term prospects .

3. Valuation Leverage:

With low-cost equity now funding ETH stacking, the firm may compound returns more dynamically than traditional BTC treasury setups.

📈 Trader’s Perspective

Short-Term:

Monitor BTBT stock—volatile with ETH flows ahead

Watch ETH’s price reaction if Bit Digital deploys additional capital or announces staking yield gains

Mid-Term:

Ethereum treasury growth could spur imitators; increased inflows may drive futures and staking-side liquidity

ETH staking yields strengthen revenue case, underscoring ETH as a bond-like yield plus growth asset

Proof Point:

Bit Digital joining Coinbase as one of the largest $ETH corporate holders provides visibility into ETH's maturing adoptive curve.

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