24/7 Market News Snapshot 07 July, 2025 – Bit Digital, Inc. Ordinary Shares (NASDAQ:BTBT)

July 7, 2025

DENVER, Colo., 07 July, 2025 (www.247marketnews.com) – (NASDAQ:BTBT) are discussed in this article.
Bit Digital, Inc. (BTBT) has experienced a notable increase in its stock value, opening at $3.051 and currently trading at $3.411, marking an impressive rise of approximately 16.02%. This surge follows a previous close at $2.940, reflecting strong investor enthusiasm and heightened activity, evident from today’s trading volume of 32.04 million shares. The upward momentum suggests a bullish sentiment among investors, underscoring the potential for future growth. Key technical levels are now in focus, with support identified around $3.00 and resistance at $3.50, which may influence upcoming price movements.

In a significant strategic pivot, Bit Digital has transitioned its focus towards Ethereum, bolstered by the completion of a public equity raise totaling approximately $172 million. This strategic realignment is characterized by a significant shift from Bitcoin to Ethereum, resulting in a treasury of over 100,000 ETH, reinforcing the Company’s commitment to this powerful digital asset. CEO Sam Tabar remarked on Ethereum’s unique features, stating, “Ethereum’s programmable nature and growing adoption are foundational to the future of digital assets.” He highlighted the intention of positioning the Company as a preeminent Ethereum holding entity, with ambitions to expand its Ethereum portfolio aggressively in the near future.

Prior to the recent financing activities, Bit Digital maintained 24,434 ETH and has optimized its holdings by divesting approximately 280 BTC to enhance its Ethereum investments. This strategic transformation is aligned with the Company’s objectives to leverage Ethereum’s staking yield opportunities and to ensure compliant access to on-chain yield. As Bit Digital continues to adapt and evolve within the digital asset space, it is setting a precedent in institutional-grade custodianship and yield optimization strategies within the Ethereum ecosystem, aiming for a substantial impact on the landscape of digital asset management.

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