🚀 #BitDigital large pivot – from BTC to ETH treasury!
🔹 On July 7, 2025, Bit Digital announced it had sold all 280 BTC and used 172 million USD – from stock issuance – to buy more ETH, increasing the total amount of ETH to 100,603 ETH, ranking second among listed companies (only behind Coinbase).
🔹 CEO Samir Tabar stated:
"We have exited the profitable Bitcoin mine and poured everything into Ethereum... ETH has the potential to rewrite the financial system."
📈 Market reaction:
– BTBT shares rose ~29% on the day, market capitalization returning to over 1 billion USD.
– ETH also increased approximately +22% in the last 2 weeks, but BTC has somewhat lagged behind ETH.
🔍 Why is it noteworthy?
Bit Digital follows the trend of "Ethereum treasury" similar to SharpLink, BitMine… asserting that Ethereum is being trusted and held long-term by organizations.
ETH is not only a reserve asset but also an ecosystem for staking, DeFi & real-world assets, suitable for corporate treasury.
🔔 Conclusion: This is clear evidence of the "ETH treasury" trend among businesses – not only Bitcoin but Ethereum is now considered a "blue-chip digital financial chain". If you are monitoring corporate treasury movements, Bit Digital is a noteworthy case study for entering a long-term ETH position.
