Bit Digital reallocated its entire corporate treasury from Bitcoin to Ethereum, acquiring over 100,000 ETH using proceeds from a $172 million equity raise and Bitcoin sales

Date

July 7, 2025

Quotes that support claims

Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH), the company disclosed on Monday.

The Nasdaq-listed outfit (ticker BTBT) said it liquidated roughly 280 BTC — currently worth over $30 million — and used the proceeds, along with $173 million in gross proceeds from its share offering, to purchase more ETH.

Bit Digital has shifted its entire treasury to ETH on the back of a $172 million public equity raise and the sale of 280 bitcoin.

Tags

Week 28 of 2025