Bit digital, a computer infrastructure company that has long been associated with bitcoin mining, switches and switches to Ethereum. The company has started to loosen the bitcoin reserves and significantly increases its exposure to Ethereum.
However, according to further financing plans submitted to the US Securities and Exchange Commission (SEC), it is clear that bit Digital’s pivot to ETH is just starting. The The time may be betterSince Ethereum is currently gaining momentum in both price and institutional support.
SEC archiving reveals ongoing ETH accumulation plan
Bit Digital’s transition to Ethereum started seriously earlier this month. On July 8, a piece of digital 280 BTC sold approximately $ 172 million to acquire over 100,600 ETH. The first purchase was followed by another 19 683 ETH on July 18, which led the company’s Ethereum holding to approximately 120,306 ETH. Interestingly, these purchases have now placed a bit digitally among the ten best known business owners in Ethereum.
The company did not silence its reasoning. IN a statement Pit Digital published to the social media platform X, and explained its strategy shift is based on broader macroeconomic trends: “Why Ethereum? Why now? Society enters a new monetary era.” Posten highlighted fleeting interest rates, inflation risks and declining belief in fiat currency as important motives for the transition to Ethereum. More importantly, it described Ethereum as offering both capital growth and native returns by knitting, advantages that surpass traditional Treasury strategies And even surpass Bitcoin’s Use cases as a store of value.
In accordance with to an archive submitted For SEC on July 25, the company seeks the shareholder’s approval to increase its authorized share capital from 340 million to 1 billion constant shares. The proposed increase would increase the total share capital from $ 3.5 million to $ 10.1 million while leaving preference shares unchanged.
In its SEC archive, Digital makes it clear that the move aims to ensure additional equity financing soon, especially to support its growth plans centered around Ethereum purchases. A shareholder’s vote to approve the proposal is set for September 10, 2025.
Ethereum Over -off bitcoin
Interestingly, Ethereum’s price measure has taken a special action since a bit digital initiated its ETH strategy. ETH has increased by about 51% since the beginning of the month, and the ETH/BTC trading couple is increased by about 35%, clear signs that the market can rotate against Ethereum. This trend is further reinforced by Continued inflow to Spot Ethereum ETFS, which has now seen 16 days in a row with positive net flows.
According to Analytics platform Sentora on the chain (formerly intotoblock), between $ 7.5 billion and $ 8 billion has flowed into the US-listed ETFs since July 2. This wave of institutional capital has helped to operate aggregated assets under management (AUM) far beyond the initial forecasts and once transformed skeptical observers into believers.
Ethereum’s latest performance Reflects this inflow trend, as it is now shopping at its highest levels this year. Ethereum started the week with gradual profits, dipped mid -week and recovered with conviction. From now on, ETH is about $ 3,775, about 5% in the last seven days.
Image from Pexels, Chart from TradingView
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