B
BTC $62,958 ↓ 0.2%
E
ETH $1,856 ↓ 1%
U
USDT $1.00 ↑ 0%
B
BNB $576.78 ↓ 2.3%
U
USDC $1.00 ↑ 0%
X
XRP $1.07 ↓ 0.1%
S
SOL $72.60 ↓ 1.2%
T
TRX $0.33 ↑ 0.6%
F
FIGR_HELOC $1.00 ↓ 3.1%
W
WBT $54.91 ↓ 0.4%
H
HYPE $52.45 ↓ 0.5%
D
DOGE $0.07 ↓ 0.8%
B
BTC $62,958 ↓ 0.2%
E
ETH $1,856 ↓ 1%
U
USDT $1.00 ↑ 0%
B
BNB $576.78 ↓ 2.3%
U
USDC $1.00 ↑ 0%
X
XRP $1.07 ↓ 0.1%
S
SOL $72.60 ↓ 1.2%
T
TRX $0.33 ↑ 0.6%
F
FIGR_HELOC $1.00 ↓ 3.1%
W
WBT $54.91 ↓ 0.4%
H
HYPE $52.45 ↓ 0.5%
D
DOGE $0.07 ↓ 0.8%

Bit Digital Shifts to Ethereum, Stock Dips 4%

June 26, 2025 Sama Tarek 1 min read Short News

Bit Digital’s stock (BTBT) fell nearly 4% after the crypto mining firm announced a strategic pivot: it will exit Bitcoin mining and convert its BTC holdings to Ethereum (ETH). The company aims to become a “pure play Ethereum staking and treasury company,” also planning to sell more of its own stock to fund additional ETH purchases. This shift marks a significant change for the firm, which held 24,434.2 ETH and 417.6 BTC as of March 31.

Sama Tarek

Sama Farghaly is a Compliance Research Associate who works with web3, fintech, and digital asset companies to help them understand and comply with the regulatory environment of both the UAE and global markets. She transforms complicated compliance requirements and licensing into straightforward, step-by-step actions that start-up and licensed entities can easily employ. Her goal is to make compliance easy, practical and achievable.

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