Bit Digital has made a bold treasury move—selling off 280 BTC and allocating $172 million to purchase over 100,000 ETH. This shift makes the Nasdaq-listed firm one of the largest public holders of Ethereum.
CEO Sam Tabar says the company is betting big on Ethereum’s long-term value. Bit Digital’s ETH holdings have surged 300% since Q1 2025, signaling a strong pivot away from Bitcoin.
Analysts expect more institutions to follow suit, especially as stablecoins gain traction. With Ethereum dominating the stablecoin infrastructure, experts predict a 10x rise in ETH and SOL treasury adoption by 2026.
Despite recent volatility, ETH remains technically poised for a breakout, currently trading around $2,550.
