Bit Digital Adds $20M in ETH to Treasury, Diversifying Beyond Bitcoin

Nasdaq-listed bitcoin miner Bit Digital has made a significant move into Ethereum (ETH) by acquiring approximately $20 million worth of the cryptocurrency during the second quarter of 2025.

This purchase is part of the company's strategy to diversify its digital asset holdings beyond bitcoin, and reflects a deliberate effort to gain exposure to Ethereum's growth and staking yields.

The acquisition was made through open-market purchases and over-the-counter trades, according to Bit Digital's Q2 2025 shareholder report.

This move aligns with the broader trend of institutional investors allocating capital to Ethereum, driven by its role in decentralized finance (DeFi) and ongoing network upgrades that enhance scalability.