Bit Digital, a computer infrastructure company that has long been associated with Bitcoin exploitation, moves gears and passes to Ethereum. The company began to unload the Bitcoin reserves and significantly Increase his exposure to Ethereum.
However, according to additional share financing plans filed with the Securities and Exchange Commission (SEC) of the United States, it is clear that the Bit Digital to ETH pivot is just beginning. THE Timing could be betterAs Ethereum is currently growing both in the price and institutional support.
The deposit of the SEC reveals a current ETH accumulation plan
The transition from Bit Digital to Ethereum began seriously earlier this month. On July 8, Bit Digital sold 280 BTC worth around $ 172 million to acquire more than 100,600 ETH. This initial purchase was followed by 19,683 ETH additional on July 18, bringing the company’s Ethereum assets to around 120,306 ETH. Interestingly, these purchases have now placed Bit Digital among the first ten corporate holders known to Ethereum.
The company was not silent on its reasoning. In a declaration Posted on the social media platform X, Bit Digital explained that its change in strategy is based on wider macroeconomic trends: “Why Ethereum?” Why now? The company is entering a new monetary era. ” The post has highlighted volatile interest rates, the risks of inflation and reducing faith in fiduciary currency as key motivations for the passage to Ethereum. More importantly, he described Ethereum as offering both capital growth and indigenous yield by advantages, advantages that surpass traditional cash strategies And even exceed bitcoin use cases as a reserve of value.
According to to a submitted file At the SEC of July 25, the company requests the approval of shareholders to increase its authorized share capital from 340 million to 1 billion ordinary shares. The proposed increase would increase the total share capital by $ 3.5 million to $ 10.1 million while leaving the preferably unchanged shares.
In his DRI file, Bit Digital clearly indicates that this decision aims to obtain funding for additional shares soon, specifically to support its growth plans centered on Ethereum purchases. A vote of shareholders to approve the proposal is set for September 10, 2025.
Ethereum outcoves bitcoin
Interestingly, the action of Ethereum prices fell in particular since Bit Digital initiated its ETH strategy. ETH has jumped approximately 51% since the beginning of the month, and the ETH / BTC trading pair increased by around 35%, clear signs that the market could turn to Ethereum. This trend is still reinforced by continuous entries in ETHEREUM SPOT ETHEREUM, who have now experienced 16 consecutive days of positive net flows.
According to The Sentora chain analysis platform (formerly Intotheblock), between $ 7.5 billion and 8 billion dollars have flocked in the ETH ETH in the United States since July 2. This wave of institutional capital has contributed to transforming aggregate assets under the direction (AUM) well beyond initial projections, transforming formerly skeptical observers.
Image of X: Sentora
Ethereum’s recent performance Reflects this trend of entrances, because it is now negotiating at its highest levels this year. Ethereum started the week with progressive gains, soaked in the middle of the week and rebounded with conviction. Currently, ETH is negotiating about $ 3,775, up approximately 5% in the last seven days.
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