Bit Digital, a computer infrastructure company that has long been associated with bitcoin mining, is working to transform gears and transition to Ethereum. The company has started to empty bitcoin reserves significantly Increased exposure to ethnium.
However, according to the additional stock financing plans provided to the US Securities and Stock Exchange Committee (SEC), it is clear that the Bit Digital axis to ETH has just started. the The timing can be betterEthereum currently acquires momentum in both price and institutional support.
The SEC file reveals the continuous ETH accumulation plan
Bit Digital moved to Ethereum seriously earlier this month. On July 8, digital bit sold 280 BTC for approximately $ 172 million to get more than 100,600 ETH. This first purchase was followed by an additional 19,683 ETH on July 18, raising the company’s ETHEREM’s possessions to about 120,306 ETH. Interestingly, these purchases have now put digitize a little among the top ten holders of publicly known in Ethereum.
The company did not remain calm about its thinking. in statement It was published on the social media platform X, Bit Digital explained that the transformation of its strategy depends on the directions of the wider macroeconomic economy: “Why ethereum? Why now? Society is entering a new monetary era.” The publication highlighted the volatile interest rates, the risk of inflation, and the decrease in belief in Fiat as the main motives for switching to Ethereum. More importantly, Ethereum described as providing capital growth and original return through smokes, and the benefits that exceed the traditional treasury strategies And even bypassing bitcoin Use the case as a value store.
According to To submit a file To the Supreme Education Council on July 25, the company seeks to obtain the approval of the shareholders to increase its capital approved from 340 million to 1 billion ordinary shares. The proposed increase in the total capital will increase from $ 3.5 million to $ 10.1 million while leaving preference shares unchanged.
In the SEC file, Bit Digital explains that this step aims to secure additional stock financing soon, specifically to support growth plans that focus on ethereum purchases. The shareholder vote was determined to agree to the proposal on September 10, 2025.
Ethereum surpasses bitcoin
Interestingly, the basic procedure for Ethereum has been significantly chosen since Bit Digital began its ETH strategy. ETH increased by about 51 % since the beginning of the month, the ETH/BTC trading pair increased by 35 %, and clear signs that the market may rotate towards ETHEREUM. This trend is reinforced by Continuing flows in Ethereum Atfs, which has now seen 16 consecutive days of positive net flows.
according to Sentora Sentora (formerly Intothheblock), has flowed between $ 7.5 billion and 8 billion dollars to ETH boxes listed in the United States since July 2. This wave of institutional capital has helped to push total assets under management (AUM) to beyond primary projections, and once celebrities turned into believers.
The last ethereum performance This trend reflects the flow, as it is now traded at its highest level this year. Ethereum started the week with gradual gains, jam in the middle of the week, and refreshed with the conviction. As of now, the ETH is trading about $ 3775, at approximately 5 % in the past seven days.
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