Bit Digital Increases Ethereum Investment as Holdings Reach $590 Million

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH-2.426%

BTC-1.536%

BOB-0.21%

Source: Coinmarketcap

Updated: Nov 07 2025

Bit Digital's Ethereum Holdings: Bit Digital has increased its Ethereum holdings to approximately 153,546 ETH, valued at $590.5 million as of October 31, with around 86% of these assets staked to generate yield.
Shift from Bitcoin Mining: The company is transitioning from Bitcoin mining to Ethereum-native finance, having fully swapped its Bitcoin treasury for Ethereum, reflecting a strategic belief in Ethereum's utility as a foundational technology for future finance.
CEO's Vision: CEO Sam Tabar emphasizes Ethereum's programmable nature and its potential to support the tokenization of real-world assets, positioning ETH as a compelling yield-bearing instrument compared to Bitcoin.
Growing Institutional Interest: Bit Digital joins a trend of public companies investing heavily in Ethereum, with other firms like BitMine Immersion Tech and SharpLink Gaming also significantly increasing their ETH holdings.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Bit Digital Increases Ethereum Investment as Holdings Reach $590 Million

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Euro Area Economic Optimism Index Rises

SAP Cloud Backlog Growth Misses Expectations, Shares Drop

People Also Watch