Bit digital shifts entire treasury to ethereum, becomes one of the largest eth holders among public companies

Following a $172 million public equity raise and conversion of its balance sheet from bitcoin to ethereum, bit digital has accumulated over 100k eth to become one of the largest corporate treasury companies in the world led under ethereum veteran sam tabar new york , july 7, 2025 /prnewswire/ -- bit digital, inc. (nasdaq: btbt) ("bit digital" or the "company"), today announced the completion of its transition to an ethereum treasury strategy. following the close of its recent underwritten public offering, the company raised approximately $172 million in gross proceeds and has deployed the net capital to purchase ethereum ("eth").
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