Bit Digital

Bit Digital, Inc. is a publicly listed corporation on the Nasdaq. It used to mine bitcoins, but now it focuses on Ethereum staking and treasury operations. Bit Digital started in 2015, but in July 2025, the firm made a strategic change to become "a pure-play" Ethereum staking and treasury company. The company, which trades under the ticker code BTBT, sold 280 bitcoin and utilized $173 million from a recent stock sale to buy Ethereum.

Bit Digital has been purchasing more Ethereum, and it recently added 31,057 ETH to its total of 150,244 ETH, which is valued at approximately $675 million. The corporation paid for its most recent Ethereum purchases with a $150 million convertible note issue. Bit Digital aims to enhance its Net Asset Value (NAV) per share and generate long-term value for shareholders by purchasing and staking Ethereum.

The company offers a range of services, such as validator operations, enterprise-level custody, and yield optimization. It has been collecting and staking Ethereum since 2022 and runs one of the biggest institutional Ethereum staking systems in the world. Bit Digital's focus on Ethereum treasury and staking strategies is a shift from its previous Bitcoin-heavy approach. This aligns with a broader trend of companies adopting digital asset treasury strategies.