Bitcoin News

Story: Bit Digital Abandons Bitcoin Mining to Focus Fully on Ethereum Staking

By Sakamoto Nashi

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From Bitcoin Mining to Ethereum Yields. In a statement released on June 26, 2025, Bit Digital confirmed it is winding down its Bitcoin…

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A Treasury Built on Ethereum. As of March 31, 2025, Bit Digital held 24,434 ETH—worth approximately $44.6 million—along with 417.

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Ethereum Gaining Ground Among Public Companies. While Bitcoin remains the most held digital asset among institutional investors, Ethereum is…

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Why Ethereum Over Bitcoin?. The shift from Bitcoin to Ethereum for companies like Bit Digital is driven by several strategic…

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What This Means for the Crypto Market. Bit Digital’s decision reflects a broader market sentiment that sees Ethereum evolving beyond just…

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What’s Next for Bit Digital?. Bit Digital plans to continue building its staking infrastructure, while gradually converting its…

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Bit Digital Inc., a publicly traded firm on Nasdaq with a $488 million market cap, has announced a major strategic pivot—shifting its core business focus away from Bitcoin mining…

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The move signals growing institutional interest in Ethereum’s yield-generating capabilities and its evolving role in enterprise-level crypto strategies.

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“We are fully committed to Ethereum’s long-term potential,” the company noted, highlighting ETH’s staking rewards and network utility as a more sustainable path for treasury…

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This shift didn’t come overnight. Bit Digital began accumulating ETH and developing staking infrastructure in 2022, following Ethereum’s historic proof-of-stake (PoS) transition…

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Ethereum’s staking model allows investors to earn annual yields between 4% and 6.5% by locking up ETH to help validate transactions and secure the network.

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Bit Digital’s move positions it among a growing class of crypto-native public companies that see Ethereum’s yield and liquidity features as more stable and profitable in the long…

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While Bitcoin remains the most held digital asset among institutional investors, Ethereum is gaining traction, especially after its PoS upgrade.

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Earlier this month, SharpLink Gaming, another publicly listed company, closed a $425 million private placement led by Consensys Software Inc.

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These developments indicate a trend where public companies are increasingly viewing ETH as a productive asset, capable of generating yield and supporting long-term growth.

The Currency Analytics

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