Bit Digital BTBT Soars 12.17% on Ethereum Staking Pivot

On July 3, 2025, Bit Digital's stock surged by 12.17% in pre-market trading, marking a significant rise in investor interest and confidence in the company's strategic moves.

Bit Digital has recently completed a $162.9 million public offering, with all proceeds allocated towards the acquisition of Ethereum (ETH). This move signals a strategic shift from Bitcoin mining to Ethereum staking, aiming to capitalize on the growing potential of the Ethereum ecosystem.

The company plans to convert its entire Bitcoin holdings into Ethereum, focusing on accumulation and staking operations. This pivot is part of a broader trend among public companies that are increasingly favoring Ethereum over Bitcoin due to its passive income potential, eco-friendliness, and broader use cases in decentralized finance (DeFi) and other applications.

Bit Digital's decision to go all-in on Ethereum has been met with optimism from investors, as evidenced by the surge in BTBT shares. The company's treasury has been strengthened by the successful completion of the public offering, positioning it well for future growth in the Ethereum staking market.