TL;DR
- Bit Digital completed the full migration of its treasury from Bitcoin to Ethereum, accumulating over 100,000 ETH after selling approximately 280 BTC.
- The company’s strategy is based on Ethereum’s growth as a programmable platform and its staking model, which it considers key for future development and profitability.
- The move drove a surge of over 21% in its share price, reflecting growing institutional interest in Ethereum.
Bit Digital has finalized the complete conversion of its corporate treasury, leaving Bitcoin behind to concentrate its capital in Ethereum.
The company sold around 280 BTC and allocated roughly $173 million, raised through a recent public equity offering, to purchase over 100,000 ETH. This move positions it among the largest public holders of Ethereum in the market.
Before the transaction, Bit Digital held 24,434 ETH as of the end of the first quarter of 2025. After the acquisitions, its balance increased to approximately 100,603 ETH. The firm justified this strategy by pointing to Ethereum’s programmable architecture, expanding adoption, and staking model, which it views as crucial for the evolution and future profitability of the crypto market.
Why Is Bit Digital Betting on Ethereum?
Sam Tabar, CEO of Bit Digital, stated that Ethereum has the potential to reshape the financial system. He noted that the company plans to continue increasing its ETH holdings, aiming to become the leading public company with an Ethereum-focused treasury.
The market responded very positively to the news. Bit Digital’s stock climbed more than 21%, boosting its market capitalization from $594 million to over $833 million in just a few days. This strategic shift reflects the growing institutional appetite for ETH, which has established itself as a key platform for asset tokenization and stablecoins.
The Future of the RWA Market
Bit Digital began accumulating ETH in 2022 and recently raised $163 million in a public offering to fund further purchases. Its approach contrasts with the traditional corporate treasury preference for BTC and aligns with Ethereum’s dominance in the real-world asset (RWA) market, where it holds over 90% of the share with $4.6 billion in tokenized assets.
Analysts expect the expansion of tokenization to further fuel institutional demand for Ethereum, strengthening its role as the foundation for new financial applications. Bit Digital is betting on this trend to capitalize on Ethereum’s network advantages and seize its long-term potential
