In New York, on June 27, 2025, Bit Digital Inc. announced a strategic shift to Ethereum (ETH) staking, moving away from Bitcoin (BTC) mining. The company held approximately 24,434.2 ETH, valued at $44.6 million, and 417.6 BTC, worth $34.5 million as of March 31, 2025. This move reflects evolving market conditions and the growing prominence of Ethereum. (Source: News from June 27, 2025)
To fund this transition, Bit Digital initiated a public offering, raising $150 million by pricing 75 million shares at $2 each. The proceeds will be used to acquire additional Ethereum. This represents one of the largest public ETH treasury commitments to date. (Source: News from June 27, 2025)
As of June 27, 2025, Bit Digital's stock is trading at $1.99, down 15.32% from the previous close. The latest trade time was Friday, June 27, at 10:10:13 UTC. (Source: News from June 27, 2025)