Bit Digital, Inc. (Nasdaq: BTBT), a leading digital asset infrastructure firm, has completed a landmark strategic transition by converting its entire corporate treasury into Ethereum (ETH). This move positions the company as one of the largest public holders of ETH globally, second only to Coinbase.
The transition comes amid a growing trend among institutional players to diversify their crypto exposure beyond Bitcoin (BTC). Bit Digital’s latest move not only marks a shift in its asset allocation strategy but also redefines its long-term operational vision. The company sold approximately 280 BTC and raised $172 million through a public offering, channeling the total proceeds into acquiring ETH. As of July 7, 2025, Bit Digital holds approximately 100,603 ETH, up from 24,434 ETH recorded in its Q1 2025 financials.
“This is not just an asset allocation decision — it’s a bet on the future of programmable finance,” said Sam Tabar, CEO of Bit Digital. “Ethereum offers yields through staking, unlocks decentralized infrastructure, and presents the potential to rewrite the financial system as we know it.”
The shift reflects a larger departure from the company’s previous Bitcoin mining focus toward a more Ethereum-native model centered around proof-of-stake validation, decentralized finance (DeFi) engagement, and staking yields. According to the company, its new strategy aims to generate recurring revenue from staking rewards while gaining deeper exposure to Ethereum’s expanding ecosystem.
Bit Digital’s Ethereum pivot illustrates a significant evolution in how crypto-native firms manage their treasuries. Traditionally, Bitcoin has dominated corporate balance sheets as a digital store of value. However, Ethereum’s proof-of-stake network now enables companies to earn yield on idle assets while participating in network security.
“Staking is not only capital efficient but also contributes directly to the infrastructure we believe will underpin the next wave of financial innovation,” Tabar added.
As institutions increasingly seek yield-bearing digital assets, Ethereum is emerging as a logical treasury alternative, especially following its transition to proof-of-stake. Bit Digital’s move could signal a broader shift, encouraging other firms to reconsider static Bitcoin holdings in favor of more dynamic, utility-driven assets.
Investor response to the announcement has been overwhelmingly positive. Bit Digital’s stock surged between 18% and 30% following the news, reflecting growing enthusiasm for ETH and staking-centric treasury models.
Beyond market sentiment, the strategic implications are substantial. By fully aligning with Ethereum, Bit Digital is not only seeking financial returns but also embedding itself into a programmable financial layer where decentralized apps, smart contracts, and tokenized assets converge.
Industry analysts believe this could be the first of many such moves. As Ethereum continues to mature, offering both scalability and staking returns, it may become a cornerstone for corporate treasuries seeking to participate in decentralized finance while preserving liquidity and generating passive income.
Bit Digital’s bold Ethereum pivot may mark a watershed moment — one where corporate crypto treasuries evolve from passive Bitcoin reserves into active participants in a decentralized economy.
