Nasdaq-Listed Bit Digital Exits Bitcoin Mining, Converts 417 BTC to 24,434 ETH for Staking and Treasury

Bit Digital, a Nasdaq-listed cryptocurrency company, has announced a strategic shift to become a pure-play Ethereum staking and treasury firm. The company plans to wind down its Bitcoin mining operations and convert its Bitcoin holdings, approximately 417.6 BTC valued at around $34.5 million, into Ethereum. As of the end of March 2025, Bit Digital held about 24,434.2 ETH, valued at approximately $44.6 million. The company will redeploy the proceeds from selling its Bitcoin and mining assets into Ethereum to focus exclusively on Ethereum staking and treasury activities.

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