Bit Digital increases Ethereum holdings to $673M with 31,057 ETH addition
Key Takeaways
- Bit Digital, listed on NASDAQ, increased its Ethereum holdings to a total of $673 million by acquiring 31,057 ETH.
- The company has shifted its business model from Bitcoin mining to a focus solely on Ethereum staking and treasury operations.
Share this article
Bit Digital, a NASDAQ-listed company focused on Ethereum staking and treasury operations, increased its Ethereum holdings to $673 million by adding 31,057 ETH.
The company recently transitioned into a pure-play Ethereum staking and treasury firm by converting its Bitcoin holdings and winding down mining operations. Bit Digital has expanded its focus on Ethereum by staking a significant portion of its holdings to generate yields.
The move aligns with growing institutional adoption of Ethereum for corporate treasuries. Companies are increasingly using blockchain assets for passive income strategies, with Ethereum seeing heightened corporate treasury adoption amid a rotation toward staking-focused assets.
Bit Digital’s treasury strategy now emphasizes Ethereum staking as a core operation, positioning the firm as an Ethereum-centric entity to capitalize on network rewards.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: DeFi Faces Liquidity Challenges Amid Bitcoin Falling Under $100K
- Bitcoin's drop below $100K triggered DeFi liquidity crises, with $650M in leveraged positions liquidated as automated stop-losses activated. - Wrapped Bitcoin (WBTC) integrated with Hedera blockchain to reduce MEV and frontrunning, aiming to inject liquidity into DeFi protocols. - Hyperion DeFi reported 60% MoM validator growth and new partnerships, emphasizing staking yields over leveraged positions to avoid market volatility. - Analysts like Tom Lee predict 6-8 weeks for recovery, contingent on stabili
Assessing How Recent Ecosystem Enhancements Influence Trust Wallet Token (TWT) Price Forecasts
- Trust Wallet's Q4 2025 upgrades expanded TWT's utility through FlexGas (gas fee payments) and Trust Premium loyalty incentives, transforming it from governance to transactional token. - TWT surged 129% to $1.6 by October 2025, fueled by Binance CZ's endorsement and institutional validation of its ecosystem-driven value proposition. - The token's growth aligns with multi-token economy trends, emphasizing cross-utility, stability, and transparency through fixed supply models and public audits. - While regu
Astar (ASTR) Price Rally: Cross-Chain Compatibility Fuels Altcoin Value Growth
- Astar (ASTR) surged in late 2025 due to strategic blockchain interoperability advancements and partnerships. - Collaboration with HTX includes TGE Catalyst Grants, listing acceleration, and CEX partnerships to boost DeFi adoption. - Astar 2.0's zkEVM and CCIP integration achieved 150,000 TPS, targeting 300,000 TPS by 2025 with enterprise partnerships. - Interoperability-driven projects like Astar are reshaping altcoin valuations, aligning with growing institutional DeFi demand.
Astar 2.0 Debut and Its Impact on the Blockchain Landscape
- Astar 2.0 emerges as a strong contender in institutional blockchain adoption through Polkadot-based scalability and interoperability innovations. - Institutional confidence grows with $3.16M ASTR purchase, 20% QoQ wallet growth, and partnerships with Sony , Casio, and Japan Airlines. - Astar's 6-second block time, 150k TPS throughput, and Chainlink CCIP integration contrast with Bitcoin/Ethereum's scalability struggles and ETF outflows. - Projected $0.80–$1.20 ASTR price by 2030 hinges on Evolution Phase
Trending news
MoreCrypto prices
More
