04:29 PM EDT, 06/25/2025 (MT Newswires) -- Bit Digital ( BTBT ) said late Wednesday it has started a transition to become a pure-play Ethereum staking and treasury company.

The company said it began accumulating ETH and operating staking infrastructure three years ago and steadily increased its holdings since then.

Bit Digital ( BTBT ) held 24,434.2 ETH and 417.6 bitcoin as of March 31, valued at about $44.6 million and $34.5 million, respectively, with plans to convert its BTC holdings into ETH over time, it said.

Bit Digital ( BTBT ) shares were sinking 8.5% in after-hours activity.

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