Bit Digital (Nasdaq: BTBT) has taken a bold step in redefining its corporate strategy, officially transitioning to an Ethereum-centric treasury model.
With this shift, the company has accumulated over 100,000 ETH, marking one of the largest crypto reallocations by a public company to date.
The Ethereum build-up follows a successful $172 million capital raise through a public equity offering. Bit Digital deployed the net proceeds directly into Ethereum purchases, and further bolstered its position by liquidating approximately 280 BTC to acquire additional ETH.
Prior to this shift, the company held 24,434 ETH as of March 31, 2025. With the latest round of acquisitions, its total holdings have surged to around 100,603 ETH—firmly placing Bit Digital among the top Ethereum treasury holders globally.
This strategic pivot, according to CEO Sam Tabar, reflects a long-term conviction in Ethereum’s potential to reshape global finance.
“Ethereum’s programmable capabilities, institutional-grade adoption, and staking yield model make it the backbone of the next-generation financial system,”
Tabar stated.
“This is not diversification, it’s realignment.”
As a result, Bit Digital now positions itself as a dedicated Ethereum treasury platform, diverging from the traditional Bitcoin-first corporate treasury approach. The move also signals broader confidence in Ethereum’s emerging dominance, particularly as staking rewards and decentralized finance (DeFi) utilities gain traction.
Tabar emphasized that the 100K ETH milestone is just the beginning.
“We intend to aggressively expand our ETH holdings over time,”
he said.
“Our goal is to become the world’s leading Ethereum holding company.”
In parallel with its treasury overhaul, Bit Digital is also advancing its high-performance computing ambitions. The company has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for the proposed IPO of its wholly owned HPC subsidiary, WhiteFiber Inc. The filing, made under Rule 135 of the Securities Act, underscores Bit Digital’s continued evolution—bridging Ethereum-native finance with scalable computing infrastructure for the digital economy.
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