Bit Digital's stock fell 19% over the past week (from $2.40 to $1.99) after announcing the issuance of $150 million in stock and shifting from Bitcoin mining to Ethereum staking (CoinGecko, BTC price ~$106,000, ETH ~$2,440, 30/06/2025). Despite the stock price dropping another 4% after the announcement and falling from 12th to 13th in the BTC mining industry, the company remains steadfast in its new strategy. Year-to-date, stock #BitDigital has lost 40% of its value. This move reflects the trend towards DeFi but raises concerns about market share risk.

Risk warning: Information is for reference only and not investment advice.