Bit Digital Inc. Announces Strategic Shift to Ethereum Treasury and Staking Operations
Bit Digital (NASDAQ:BTBT) has announced a strategic pivot to become a pure play Ethereum (ETH) staking and treasury company. The company plans to convert its entire Bitcoin (BTC) holdings into ETH and is seeking strategic alternatives for its bitcoin mining operations, including potential sale or wind-down.
As of March 31, 2025, Bit Digital held 24,434.2 ETH valued at $44.6 million and 417.6 BTC valued at $34.5 million. The company began building its ETH position and staking infrastructure in 2022 and has been steadily increasing its holdings since then.
Bit Digital (NASDAQ:BTBT) ha annunciato una svolta strategica per diventare una società specializzata esclusivamente nello staking di Ethereum (ETH) e nella gestione del tesoro. L'azienda prevede di convertire l'intero patrimonio in Bitcoin (BTC) in ETH e sta valutando alternative strategiche per le sue operazioni di mining di bitcoin, inclusa la possibile vendita o la chiusura.
Al 31 marzo 2025, Bit Digital deteneva 24.434,2 ETH valutati 44,6 milioni di dollari e 417,6 BTC valutati 34,5 milioni di dollari. La società ha iniziato a costruire la sua posizione in ETH e l'infrastruttura per lo staking nel 2022, aumentando costantemente le proprie partecipazioni da allora.
Bit Digital (NASDAQ:BTBT) ha anunciado un giro estratégico para convertirse en una empresa dedicada exclusivamente al staking de Ethereum (ETH) y gestión de tesorería. La compañía planea convertir todas sus tenencias de Bitcoin (BTC) en ETH y está buscando alternativas estratégicas para sus operaciones de minería de bitcoin, incluyendo la posible venta o cierre.
Al 31 de marzo de 2025, Bit Digital poseía 24,434.2 ETH valorados en 44.6 millones de dólares y 417.6 BTC valorados en 34.5 millones de dólares. La empresa comenzó a construir su posición en ETH y la infraestructura de staking en 2022 y ha ido aumentando sus tenencias de forma constante desde entonces.
Bit Digital (NASDAQ:BTBT)는 이더리움(ETH) 스테이킹 및 재무 관리 전문 회사로 전략적 전환을 발표했습니다. 회사는 보유 중인 모든 비트코인(BTC)을 ETH로 전환할 계획이며, 비트코인 채굴 사업에 대해서는 매각 또는 종료를 포함한 전략적 대안을 모색 중입니다.
2025년 3월 31일 기준, Bit Digital은 24,434.2 ETH(가치 4,460만 달러)와 417.6 BTC(가치 3,450만 달러)를 보유하고 있습니다. 회사는 2022년부터 ETH 보유 및 스테이킹 인프라 구축을 시작했으며 이후 꾸준히 보유량을 늘려왔습니다.
Bit Digital (NASDAQ:BTBT) a annoncé un virage stratégique pour devenir une société spécialisée exclusivement dans le staking d’Ethereum (ETH) et la gestion de trésorerie. L’entreprise prévoit de convertir l’intégralité de ses avoirs en Bitcoin (BTC) en ETH et recherche des alternatives stratégiques pour ses opérations de minage de bitcoin, y compris une éventuelle vente ou fermeture.
Au 31 mars 2025, Bit Digital détenait 24 434,2 ETH évalués à 44,6 millions de dollars et 417,6 BTC évalués à 34,5 millions de dollars. La société a commencé à constituer sa position en ETH et son infrastructure de staking en 2022, augmentant régulièrement ses avoirs depuis lors.
Bit Digital (NASDAQ:BTBT) hat eine strategische Neuausrichtung angekündigt, um ein reines Ethereum (ETH) Staking- und Treasury-Unternehmen zu werden. Das Unternehmen plant, seine gesamten Bitcoin (BTC)-Bestände in ETH umzuwandeln und sucht nach strategischen Alternativen für seine Bitcoin-Mining-Aktivitäten, einschließlich eines möglichen Verkaufs oder einer Einstellung.
Zum 31. März 2025 hielt Bit Digital 24.434,2 ETH im Wert von 44,6 Millionen US-Dollar und 417,6 BTC im Wert von 34,5 Millionen US-Dollar. Das Unternehmen begann 2022 mit dem Aufbau seiner ETH-Position und der Staking-Infrastruktur und hat seine Bestände seitdem stetig erhöht.
- Strategic focus on Ethereum staking provides potential for steady passive income
- Significant ETH holdings worth $44.6 million position company well for transition
- Early entry into ETH staking infrastructure since 2022 demonstrates forward-thinking approach
- Complete exit from established Bitcoin mining operations may result in potential losses
- Concentrated risk in single cryptocurrency (ETH) versus previous diversified approach
- Transition costs and potential value loss in BTC-to-ETH conversion process
As of March 31, 2025, the Company held 24,434.2 ETH and 417.6 BTC, valued at approximately
In connection with the transition, the Company has commenced a strategic alternatives process for its bitcoin mining operations that is expected to result in their sale or wind-down, with any net proceeds to be re-deployed into ETH.
About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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SOURCE Bit Digital, Inc.
FAQ
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