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Bit Bit Digital on the NASDAQ list has completed its transformation on Ethereum Treasury Powerhouse, Sale 280 BTC and deployment of $ 172 million in fresh capital to accumulate more than 100,000 ETH.
After closing its subscribed public offer, Bit Digital now controls approximately 100,603 ETH, which is one of the largest public holders of Ethereum around the world, along with existing institutional players such as Sharpink Gaming.
This strategic shift It comes as the CEO of Sam Tabar to double the long -term potential of the Ethereum, describes the programmable network model of the network, and builds the yield model as the basis for the future of digital assets.
The company has transformed all its BTC Holdings into ETH rather than maintain a diversified crypto portfolio with a complete departure from its bitcoins as part of a new cash register approach.
From mining fighting to strategy of ETH accumulation
Bit Digital’s journey to become Ethereum Treasury Company, began with growing challenges in traditional Bitcoin mining operations during 2024 and early 2025.
Before the offer, As of March 31, the company held 24 434 ETH2025, representing an early commitment to Ethereum, which was preceded by its current all-in strategy.
Bit digital plans to sell its bitcoin mining assets and move net yield to Ethereum as part of its transition to become an “clean game” ETH.#Ethereumstaking #Bitcoinmining #Bitdigitalhttps://t.co/pebfyrdkdp
– Cryptonews.com (@cryptonews) June 26, 2025
B. Riley Securities led a subscribed public offer that increased approximately $ 172 million in gross yield, which were specially earmarked for Ethereum purchases rather than traditional business expansion.
“We believe that Ethereum has the ability to rewrite the entire financial system“Tabar said in the company’s notice.
In addition to simple price speculations, the Bit Digital strategy focuses on the capabilities of the Ethereum, which allows the company to generate revenues on its treasury and at the same time support network security.
The company’s data show The Digital Bit is already working approximately 21,568 ETH in native protocolsEarning 211 ETH when inserting rewards during Q1 2025 itself.
Meanwhile, the income of bitcoin mining fell by 64% year -on -year in Q1 2025, with only 83.3 bitcoins earning during the quarter, a 80% decline that accelerated the strategic rotation of management from evidence operations.
Taba vision exceeds current possession and plans for ‘Add more aggressively“ETH to establish a little digital as”Preeminent ETH Holding Company in the world.“
The adoption of Ethereum Corporate Ethereum gains institutional momentum
Strategic redistribution of the Bit Digital cash register contributes to a wider institutional dynamics that focuses on Ethereum because companies recognize network programmability and download capabilities as better than bitcoin reserves.
SharpLink’s playing currently pays The title of the largest publicly traded Ethereum holder in the world with 188,478 ETH worth approximately $ 457 million, accumulated through a similar capital transfer strategy.
Sharpink Gaming proved to be the largest publicly traded Ethereum holder (ETH) in the world after winning 176,271 ETH for $ 463 million. #Eth #Sharplinkhttps://t.co/ynahjyt7HD
– Cryptonews.com (@cryptonews) June 13, 2025
Blackrock’s Ishares Ethereum Trust recently recorded 23 consecutive tides, while loyalty and other institutional managers have poured over $ 21 million into Ethereum ETF in recent weeks.
Ethereum download rewards provide a more convincing advantage over the primary bitcoin costs Currently has settled over 35 million ETHrepresenting more than 28% of the total offer locked in intelligent contracts.
It also seems that the acceptance of businesses is also concentrated among companies looking for alternatives to traditional cash management, and potential SEC instructions concerning the deployment of components within ETF products could unlock further institutional capital.
Thomas Lee of Fundstrat Global Advisors describes Ethereum as a “higher beta” asset compared to bitcoins, thanks to its basic role in Stablecoin transactions and decentralized financial applications.
The volume of stablecoin transactions, which occurs primarily in the Ethereum network, could further shift significant demand for ETH as the market grows from $ 250 billion to projected 2 trillion 2 to 2028.
Contribution Digital bit goes to Ethereum, Dumping 280 BTC for building 100k+ ETH TREASURA He appeared for the first time Cryptonews.
