Bit Digital’s transition to Ethereum began in earnest earlier this month. On July 8, Bit Digital sold 280 BTC worth roughly $172 million to acquire over 100,600 ETH. That initial purchase was followed by an additional 19,683 ETH on July 18, bringing the company’s Ethereum holdings to approximately 120,306 ETH. Interestingly, these purchases have now placed Bit Digital among the top ten publicly known corporate holders of Ethereum.
In its SEC filing, Bit Digital makes it clear that the move is aimed at securing additional equity financing soon, specifically to support its growth plans centered around Ethereum purchases. A shareholder vote to approve the proposal is set for September 10, 2025.
Featured image from Pexels, chart from TradingView
