Ethereum News Today: Bit Digital Holds 120,000 ETH as Staking Revenue Slumps 58.8%

Bit Digital Inc. (NASDAQ: BTBT) has revealed in its second-quarter 2025 financial report that the company holds approximately 120,000 ETH, according to a press release shared by Moomoo on August 7, 2025 [1]. The report, which highlights the firm’s digital asset strategy, provides a snapshot of the company’s current holdings, with 105,015 ETH actively staked as of August 11, 2025 [1].

The company’s total revenue for the quarter was reported at $25.7 million, marking a 11.7% decline from the same period in the previous year [1]. Digital asset mining revenue also fell significantly, dropping to $6.6 million in Q2 2025 from $16.1 million in Q2 2024, a 58.8% decrease. Meanwhile, ETH staking revenue was recorded at $0.4 million, contributing to a net profit of $14.9 million for the quarter [1].

The disclosed Ethereum holding suggests a strategic, long-term approach to digital asset accumulation. With Ethereum’s price hovering above $118,000 in recent weeks [2], the value of Bit Digital’s holdings could represent a significant portion of the company’s overall asset portfolio. The report does not provide specific valuation details for the ETH holdings, but the sheer size of the position indicates a firm belief in Ethereum’s long-term potential.

This move aligns with broader trends in the digital asset sector, where several publicly traded firms have increased their Ethereum exposure in recent months [1]. The accumulation appears to be driven by a combination of macroeconomic factors and anticipation of future network upgrades. While the report does not outline immediate plans for the disposition of the ETH, the strategic build-up signals confidence in the asset’s future trajectory.

Bit Digital’s financial disclosure comes amid a period of increased institutional interest in digital assets. For example, SharpLink Gaming recently expanded its Ethereum holdings to 205,634 ETH, valued at $527 million [3]. These developments suggest a growing institutional recognition of Ethereum as a strategic asset class.

However, the company’s report lacks additional financial metrics or earnings forecasts, focusing primarily on the Ethereum holding [1]. Investors are encouraged to review the full report for a more detailed understanding of the company’s financial standing. The disclosed ETH position could also be subject to valuation swings depending on market dynamics, particularly as Ethereum price remains near key resistance levels [4].

Bit Digital’s decision to highlight its Ethereum position in its Q2 report reflects a broader industry shift toward transparency and institutional adoption of digital assets. The company’s strategic accumulation of ETH underscores the evolving role of cryptocurrencies in corporate balance sheets and investment portfolios.

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Sources:

[1] Moomoo, [https://www.moomoo.com/stock/BTBT-US/news](https://www.moomoo.com/stock/BTBT-US/news)

[2] Bitcoin Magazine, [https://bitcoinmagazine.com/articles](https://bitcoinmagazine.com/articles)

[3] Facebook, [https://www.facebook.com/groups/250968057873111/posts/799728562997055/](https://www.facebook.com/groups/250968057873111/posts/799728562997055/)

[4] NewsBTC, [https://www.newsbtc.com/bitcoin-news/bitcoin-price-and-futures-leverage-climb-together-heres-why-that-matters/](https://www.newsbtc.com/bitcoin-news/bitcoin-price-and-futures-leverage-climb-together-heres-why-that-matters/)