Bit Digital Reports February Ethereum Holdings and Staking Metrics
Bit Digital announced its monthly Ethereum, or ETH, treasury and staking metrics for the month of February. As of February 28, the Company held approximately 155,434.4 ETH. Based on a closing ETH price of approximately $1,965, as of February 28 the market value of the Company's ETH holdings was approximately $305.4M. The Company's total average ETH acquisition price for all holdings was approximately $3,045 as of February 28. The Company's total staked ETH was ~138,269, or ~89% of its total holdings, as of February 28. Staking operations generated approximately 313.9 ETH in rewards during the period, representing an annualized yield of approximately 2.7%. Bit Digital shares outstanding were 324,836,788 as of February 28. The Company maintains ownership of approximately 27.0M WhiteFiber shares with a market value of approximately $455.7M as of February 28.
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US Stock Cryptocurrency Concepts: US stock cryptocurrency concepts saw an overall increase, with notable rises in several stocks.
MicroStrategy (MSTR): MicroStrategy's stock rose by 1.86%, now trading at $141.54.
Circle (CRCL): Circle's stock experienced a significant increase of 8.05%, currently trading at $120.73.
Riot Blockchain (RIOT) and Bit Digital Inc. (BTBT): Riot Blockchain's stock rose by 1.29% to $14.89, while Bit Digital Inc. increased by 2.95%, trading at $21.315.
Current State of Cryptocurrency: Bitcoin reached an all-time high of $126,000 in 2025 but has since seen a significant decline, losing over 50% of its value in recent months, despite some regulatory wins for the cryptocurrency sector.
Investment Trends: There has been a notable influx of over $1.4 billion into U.S. Bitcoin ETFs recently, indicating that investors are still looking to gain exposure to cryptocurrencies despite market volatility.
Market Volatility and Trading Strategies: The cryptocurrency market remains highly volatile, with traders often taking short positions, leading to rapid liquidations and a phenomenon known as "liquidation cascades" when prices rebound.
Emerging Opportunities: Companies like Bit Digital and Solana are gaining attention for their potential in the cryptocurrency space, with investment strategies focusing on diversified exposure to various digital assets through ETFs.
- Highest Short Interest: DeFi Development (DFDV) saw its short interest rise to 23.62%, maintaining its position as the most shorted crypto stock, indicating investor pessimism that could impact its stock price stability.
- Short Interest Variations: Strive Asset Management (ASST) and Bit Digital (BTBT) reported short interests of 20.45% and 19.62%, respectively, reflecting a lack of confidence in these companies, which may increase liquidity risks.
- Lowest Shorted Stocks: Bgin Blockchain (BGIN) had a minimal short interest of 0.03%, suggesting a positive market outlook that could attract more investors to its growth potential.
- New Entrant: BitFuFu (FUFU) entered the list with a short interest of 0.47%; despite a slight decline in production, its holding of 1,830 BTC may provide future support.
Company Overview: BitDigital, Inc. is a cryptocurrency mining company focused on Bitcoin and Ethereum mining operations.
Recent Developments: The company reported a significant amount of Ethereum held, totaling approximately 155,434.4 ETH as of February 28, 2026.

- Ethereum Holdings: As of January 31, 2026, Bit Digital held 155,239.4 ETH valued at approximately $380.2 million, significantly down from an average acquisition cost of $3,045, highlighting the market volatility risks faced by the company.
- Staking Yield Analysis: By staking about 138,266 ETH, or 89% of its holdings, the company generated rewards of 344 ETH in January, resulting in an annualized yield of approximately 2.9%, demonstrating its earning capacity in the cryptocurrency market.
- Equity Strategy Reinforcement: Despite the IPO lockup expiration on February 2, 2026, Bit Digital reiterated it will not sell its 27 million shares of WhiteFiber (WYFI), which had a market value exceeding $527.6 million, establishing a key pillar in the company's balance sheet.
- Diversified Revenue Model: Bit Digital aims to diversify its income sources in the blockchain and high-performance computing sectors through services like digital asset mining, Ethereum staking, and AI-focused cloud computing, combining crypto treasury exposure with infrastructure platforms.
- Bitcoin Price Forecast Cut: Standard Chartered has reduced its 2026 Bitcoin price forecast to $100,000, a one-third decrease from previous estimates, primarily due to worsening macroeconomic conditions and the risk of further investor capitulation.
- Market Volatility: Analysts highlight that recent market volatility has intensified, leading to depressed investor sentiment which may pressure Bitcoin prices in the short term, thereby affecting the overall stability of the cryptocurrency market.
- Shorted Stocks Overview: Among crypto stocks with market capitalizations under $2 billion, Bit Digital (BTBT) leads with a short interest of 19.05%, indicating a pessimistic outlook on its future performance, which could impact its financing capabilities and market confidence.
- Low Short Interest Stocks: Conversely, stocks like Bgin Blockchain (BGIN) and Grayscale Bitcoin Cash Trust (BCHG) exhibit very low short interest rates of 0.02% and 0.09%, respectively, suggesting stronger market confidence in these companies, potentially attracting more investor interest.








