Digitals – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 28 Jun 2025 10:49:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Digitals – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 From BTC to ETH: Bit Digital’s Shift Triggers Market Slide https://earlybirdsinvest.com/from-btc-to-eth-bit-digitals-shift-triggers-market-slide/ https://earlybirdsinvest.com/from-btc-to-eth-bit-digitals-shift-triggers-market-slide/#respond Sat, 28 Jun 2025 10:49:58 +0000 https://earlybirdsinvest.com/from-btc-to-eth-bit-digitals-shift-triggers-market-slide/

Bit Digital, a company previously focused on Bitcoin mining, saw its share price decline after announcing a $150 million stock sale and a shift toward Ethereum staking.

On June 26, Bit Digital stated that it would sell 75 million new shares at $2 each. The goal is to raise funds to expand its Ethereum holdings and grow its staking operations.

This follows Bit Digital’s decision to shift its focus from Bitcoin
BTC


$107,287.88

to Ethereum
ETH


$2,425.65

. The company stated on June 25 that it plans to become an Ethereum-only staking and treasury business.

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The market reaction has not been positive. After the company shared its new strategy, its stock fell by nearly 4%. The decline continued after the public offering was announced, with shares dropping by 15% in just one day.

Bit Digital’s stock fell nearly 19% over the whole week, which went from $2.40 to $1.86 before ending on June 27 at $1.99.

The company had already started building its ETH reserves and setting up its staking infrastructure back in 2022.

Bit Digital held 24,434 ETH and 417 BTC, worth about $44.6 million and $34.5 million at the end of March. Once it finishes converting all its Bitcoin into Ethereum, the company expects to hold around 42,000 ETH, which is roughly $103 million based on current prices.

Meanwhile, the Smarter Web Company recently secured £41.2 million ($56.6 million) in new funding after purchasing a large amount of Bitcoin. What did the company say? Read the full story.

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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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