Ethereum News Today: Bit Digital Boosts Ethereum Holdings with 196.5% Share Increase, Shares Jump 6.5%

Nasdaq-listed Bit Digital Inc. has unveiled a $1 billion initiative to expand its Ethereum (ETH) holdings, marking a pivotal shift in corporate treasury strategy. The company aims to increase its authorized share capital by 196.5%, from 340 million to 1 billion shares, to fund the acquisition of additional ETH. This move follows recent purchases of 19,683 ETH tokens ($67.3 million) and a broader $67 million follow-on equity offering in July 2025, bringing the firm’s total Ethereum holdings to 120,306 tokens valued at $444.54 million [2]. Shareholders will vote on the proposal at an extraordinary general meeting in September 2025 [5].

CEO Sam Tabar emphasized Ethereum’s potential to “rewrite the entire financial system,” citing its programmable nature, growing adoption, and staking yield model. The strategy aligns with a broader trend of publicly traded firms allocating capital to Ethereum, including competitors like BitMine and SharpLink, which are building Ethereum reserves. BitMine has set a target of acquiring 5% of the total supply, while SharpLink has staked $1.33 billion in ETH [4]. Bit Digital’s approach reflects confidence in Ethereum’s long-term value, with the company positioning itself as a “focused Ethereum treasury platform” in public markets.

The plan involves leveraging balance sheet strength to accumulate ETH during market dips, capitalizing on Ethereum’s recent six-month price high driven by institutional demand. Bit Digital’s stock rose 6.5% in late July 2025, mirroring Ethereum’s price surge, while other ETH-focused firms like BTCS also gained traction [6]. However, execution depends on shareholder approval and sustained price stability. On-chain data reveals growing Ethereum accumulation by whales and institutions, with one entity purchasing 43,591 ETH in a week [7].

Regulatory developments in the U.S., including new accounting standards permitting firms to report crypto holdings at fair market value, have enhanced transparency. Tesla’s inclusion of Bitcoin on its balance sheet under these rules has set a precedent for corporate adoption, a trend Bit Digital seeks to amplify [8]. Ethereum’s spot trading volume recently surpassed Bitcoin’s for the first time in over a year, signaling heightened institutional and retail interest [7].

The company’s strategy positions it to navigate regulatory shifts and market cycles. With Ethereum’s market cap nearing $200 billion and firms increasingly viewing ETH as a strategic reserve asset, Bit Digital’s expanded share capital aims to provide flexibility in executing its acquisition goals. Execution will depend on macroeconomic factors, including U.S. monetary policy and global digital asset demand.

“We believe Ethereum has the ability to rewrite the entire financial system. Ethereum’s programmable nature, growing adoption, and staking yield model represent the future of digital assets. Bit Digital is aligning itself with Ethereum’s long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets. We are starting with exposure to over 100K ETH for now but we intend to aggressively add more so we become the preeminent ETH holding company in the world.” — Sam Tabar, Chief Executive Officer, Bit Digital

Sources:

[1] [PRE 14A] Bit Digital, Inc. Preliminary Proxy Statement

https://www.stocktitan.net/sec-filings/BTBT/pre-14a-bit-digital-inc-preliminary-proxy-statement-c3e853f1abff.html

[2] Should you buy ETH and this cheap altcoin as Bit Digital ...

https://www.msn.com/en-us/money/news/should-you-buy-eth-and-this-cheap-altcoin-as-bit-digital-acquires-19683-eth/ar-AA1J0OIz

[3] Bit Digital (BTBT) Raises US$67 Million in Follow-On ...

https://simplywall.st/stocks/us/software/nasdaq-btbt/bit-digital/news/bit-digital-btbt-raises-us67-million-in-follow-on-equity-off

[4] In a First for the Industry, SharpLink Buys Almost ...

https://www.mitrade.com/au/insights/news/live-news/article-8-983589-20250724

[5] Bit Digital to Triple Stock Capital ..."To Expand Ethereum ...

https://bloomingbit.io/en/feed/news/93630

[6] Crypto stocks jump as ether scales six-month high

https://www.aol.com/news/ether-linked-stocks-jump-crypto-103945635.html

[7] [Issue] The Ether Machine: Ethereum's MicroStrategy Dream - X

https://x.com/FourPillarsFP/status/1948700911955837166

[8] Tesla's Q2 financial report shows that its Bitcoin holdings have risen to $1.2 billion

https://www.panewslab.com/en/articles/efvvv9r2

[9] BIT Mining announced plans to raise $200-300 million to build a Solana treasury

https://cryptorank.io/news/feed/3c72c-biotech-firm-windtree-gets-520m-funding-to-build-massive-bnb-treasury