Bit Digital (BTBT) Discloses Significant Ethereum Holdings, Analysts Predict 128.49% Upside

Bit Digital (BTBT) holds a significant stake in Ethereum, with substantial staking rewards. Analysts predict a potential upside of 128.49% for BTBT stock from its current price. BTBT has an average price target of $5.67 and an "Outperform" rating from six experts. The estimated GF Value for the company in one year stands at $3.07, implying a potential upside of 23.79% from the current trading price of $2.48.

Bit Digital, Inc. (BTBT), a publicly traded digital asset platform, has significantly increased its Ethereum (ETH) holdings, which are now valued at approximately $532.5 million as of August 31, 2025 [1]. The company, with a market capitalization of $838.6 million, has staked about 105,031 ETH, representing 86.6% of its total holdings. This staking activity generated around 249 ETH in rewards during August, equivalent to an annualized yield of about 2.94%.

Analysts predict a potential upside of 128.49% for BTBT stock from its current price. The stock has an average price target of $5.67 and an "Outperform" rating from six experts. The estimated GF Value for the company in one year stands at $3.07, implying a potential upside of 23.79% from the current trading price of $2.48 [2].

Bit Digital's shift to Ethereum and its investment in high-performance computing (HPC) data centers are strategic moves aimed at diversifying its revenue streams. The company has quadrupled its Ethereum stake to 121,075 ETH since the announcement, reflecting the growing potential of Ethereum. However, the stock has been volatile and has not yet shown significant returns from this shift. Analysts believe that the break-even point for the Ethereum stake is expected within a year, indicating that investors should hold the stock for the long term.

Bit Digital's financials show that its annual revenues have increased significantly since 2023, primarily due to the appreciation of Bitcoin's value. However, the quarterly revenue YoY has been declining since the company started shifting from Bitcoin mining to Ethereum. The company's net income has been volatile, with the company recording net profits and losses sequentially since 2022.

Despite the challenges, Bit Digital's strategic moves into Ethereum and HPC data centers position the company for long-term growth. The company's IPO financing, which saw it retain 74.3% of WhiteFiber shares after raising $145.1 million, supports this view. The company is exploring the data center market, which is expected to grow rapidly, driven by AI workloads.

In conclusion, Bit Digital's Ethereum holdings and strategic investments in HPC data centers present promising long-term opportunities. However, the company's stock remains volatile, and investors should exercise caution. The company's strategic moves are still in the early stages, and the full benefits of the Ethereum shift are yet to be realized.

References:
[1] https://www.investing.com/news/company-news/bit-digital-reports-ethereum-holdings-worth-5325-million-in-august-93CH-4224230
[2] https://seekingalpha.com/article/4818880-bit-digital-its-too-early-to-tell-ethereum-shift-gains-hold