Bit Digital Ethereum Treasury Soars to $675M, Cementing Spot as Top 6 Holder

Bit Digital’s Ethereum holdings have surged to roughly $675 million, securing its place among the top six institutional Ethereum treasuries ￰1￱ Nasdaq-listed crypto infrastructure firm announced that it purchased an additional 31,057 ETH using proceeds from a recently completed $150 million convertible notes ￰2￱ Digital Grows Ethereum Treasury 50% as Firm Reinvents Itself as ETH Staking Company Following the transaction, Bit Digital now holds approximately 150,244 ￰3￱ purchase marks the latest step in the company’s ongoing pivot from Bitcoin mining to a full-fledged Ethereum-focused ￰4￱ Digital has purchased an additional ~31,057 Ethereum to increase its total ETH holdings to 150,244.

The future is ETH + ￰5￱ — Bit Digital, Inc. NASDAQ:BTBT (@BitDigital_BTBT) October 8, 2025 The firm said the deal was structured to expand its ETH treasury in a cost-effective way, while boosting net asset value (NAV) per ￰6￱ convertible notes were priced at $4.16 per share, representing an 8.2% premium to Bit Digital’s estimated mark-to-market NAV of $3.84 at the time of ￰7￱ to the company, several major crypto-focused investors, including Kraken Financial, Jump Trading Credit, and Jane Street Capital, participated in the ￰8￱ Executive Officer Sam Tabar said the transaction reflects the company’s commitment to long-term value creation. “This purchase demonstrates our commitment to building shareholder value by financing ETH accumulation on terms that are accretive to NAV per share,” Tabar ￰9￱ added that Bit Digital views Ethereum as “foundational to digital financial infrastructure” and considers current prices a compelling long-term entry ￰10￱ ACQUISITION KEY HIGHLIGHTS – Bit Digital purchased an additional ~31,057 ETH using net proceeds from the recently completed $150MM convertible notes offering. – Following this transaction, Bit Digital now holds approximately 150,244 ETH. – Bit Digital’s estimated mNAV was… ￰0￱ — Bit Digital, Inc.

NASDAQ:BTBT (@BitDigital_BTBT) October 8, 2025 The latest acquisition follows a series of fundraising rounds aimed at growing the company’s Ethereum ￰11￱ July, Bit Digital raised $67.3 million through a direct offering of 22 million ordinary shares priced at $3.06 ￰12￱ offering, managed by ￰13￱ Securities, was also dedicated to ETH ￰14￱ that month, the firm completed a $163 million equity raise , further reinforcing its strategy to become a “pure play” Ethereum staking and treasury ￰15￱ Digital’s shift toward Ethereum marks a major departure from its origins as a Bitcoin mining ￰16￱ company began accumulating ETH and building staking infrastructure in ￰17￱ early July, it held around 100,603 ETH valued at $301 ￰18￱ several funding rounds and conversions from Bitcoin, its treasury has since grown by nearly 50%.

The company’s latest financial filings show a sharp drop in Bitcoin-related revenue , down 64% year-over-year in the first quarter of 2025, as it phases out mining ￰19￱ Digital now generates income through validator operations, custody solutions, and yield optimization, with a majority stake in AI-focused firm WhiteFiber contributing to its broader digital asset ￰20￱ to data from on-chain tracking firm SΞR Entities, Bit Digital now ranks among the six largest Ethereum holders globally, with over 150,000 ETH, placing it behind entities such as Bitmine Immersion Tech and SharpLink ￰21￱ Ethereum Treasuries Surge as Spot ETFs Draw Strong Inflows October is looking to become another strong month for Ethereum investment vehicles , with U.

S.-listed spot Ether ETFs recording $621.4 million in net inflows, more than double September’s $285.7 million, according to SoSoValue ￰22￱ below August’s record $3.9 billion, the figures point to sustained institutional demand for Ethereum ￰23￱ corporate holders, SharpLink Gaming has emerged as one of the most aggressive ￰24￱ Nasdaq-listed firm disclosed it now holds 839,000 ETH with no debt on its balance sheet. SharpLink’s unrealized profit now surpasses $900M since launching the ETH treasury strategy on June 2, ￰25￱ that time, ETH concentration doubled, making every share more ￰26￱ 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep… ￰27￱ — SharpLink (SBET) (@SharpLinkGaming) October 6, 2025 Launched in June, its Ethereum treasury strategy has generated over $900 million in unrealized gains, while the company has doubled its ETH concentration over four ￰28￱ also plans to tokenize its common stock (SBET) on Ethereum and stake part of its holdings on Linea, a Layer 2 network developed by ￰29￱ continues to dominate the corporate ETH ￰30￱ September, the firm purchased $69 million worth of ETH through Galaxy Digital , raising its total holdings to around 1.95 million ETH valued at $8.66 billion,nearly 2% of Ethereum’s circulating ￰31￱ data showed Galaxy settling 15,427 ETH to Bitmine in coordinated transfers following earlier large-scale acquisitions totaling more than $559 million that ￰32￱ major players are also expanding ￰33￱ Machine added 150,000 ETH in August , bringing total holdings to 495,362 ETH worth roughly $2.16 ￰34￱ company has since filed a draft registration statement with the ￰35￱ for a merger with Nasdaq-listed SPAC Dynamix Corporation , expected to close in the fourth quarter pending shareholder ￰36￱ (ETH) last traded around $4,504, up 5.2% over the past week but still 8.9% below its all-time high of $4,946.