Bitcoin Miner Bit Digital Dumped All Its BTC For ETH—And Isn't Looking Back

Zinger Key PointsRobinhood’s move to tokenize equities on Ethereum is seen by Tabar as validation of ETH’s institutional dominance.Tabar credits the shift in regulatory tone post-Gensler and new legislation for unleashing Ethereum’s institutional potential.Get daily-updated rankings across momentum, growth, value, trends, and quality to spot the strongest stocks in any market.Bit DigitalBTBThas made a decisive pivot away fromBitcoinBTC/USD, converting its entire treasury to Ethereum and accumulating roughly 100,000 ETHon its balance sheet.What Happened:Speaking to CNBC on Monday, CEOSam TabardescribedEthereum as "alive," "institutional," and "the only blockchain capable of rewriting the financial system.""We sold a profitable business—we exited Bitcoin mining," Tabar said. "We took the cash on our balance sheet, sold all our Bitcoin, and did this raise. I actually personally participated in that raise myself with my own savings, and we poured that all into Ethereum."With $172 million in capital raised and over 417 Bitcoin liquidated, the firm has now fully embraced anEthereumETH/USD-only treasury strategy.According to Tabar, this isn't just about asset exposure—it's about investing in a programmable economic engine."Ethereum represents that next wave," Tabar said. "We’re not just buying a coin. We’re putting our reserves into a protocol that powers trillions of on-chain activity."Citing Ethereum's dominance in developer activity, smart contract programmability, and real-world asset tokenization, Tabar argued that Ethereum is becoming a new type of corporate treasury asset, akin to gold or bonds, but dynamic."Ethereum is alive. It moves with technological innovation," he said.Also Read:Crypto Tax Loopholes Closing? A Look Inside ‘Bitcoin Senator’ Lummis’ New BillTabar stressed Ethereum's unique ability to capture real economic value through transaction fees, something he claims Bitcoin cannot replicate."Stablecoin volumes, tokenization, all of that flows back to ETH holders. Bitcoin does not participate in that feedback loop."He also praised Ethereum's position in institutional infrastructure."There is no second best," he said, referencingRobinhood'sHOODrecent move to tokenize stocks on Ethereum viaArbitrumARB/USD. "Eventually Ethereum will eat the financial world. It will be the basic infrastructure layer to transfer value between parties without escrow agents."Why It Matters:Bit Digital's pivot comes amid a broader revival of institutional interest in Ethereum.Ether ETFs, once feared to be "zombie funds," saw $40 million in inflows in June, including fromBlackRock's iShares Ethereum TrustETHA.Tabar attributes the shift to regulatory clarity."There's a much more friendly SEC outlook with respect to projects on the Ethereum blockchain," he said, pointing to legislation like the Genius Act and the proposed Clarity Act, which classify Ethereum as a commodity. "Gary Gensleris gone. That has unleashed Ethereum for adoption by institutions."While ETFs offer passive ETH exposure, Bit Digital's model adds yield through staking. "You can't stake your ETH in an ETF," Tabar said. "We can stake our ETH and generate a real return on our holdings—currently around 3%—and that compounds."He added, "That's a much more efficient way to access Ethereum's economic upside through a public vehicle like BTBT."Loading...Loading...Read Next:Bitcoin, Ethereum, Solana Treasury Companies Need To Manage Market Volatility, Franklin Templeton Report WarnsImage: Shutterstock$ETHEthereum$2598.602.21%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum80.61Price TrendShortMediumLongOverview$ARBArbitrum$0.33742.65%$BTCBitcoin$109150.000.80%BTBTBit Digital Inc$3.9714.1%ETHAiShares Ethereum Trust - iShares Ethereum Trust ETF$19.501.25%HOODRobinhood Markets Inc$96.883.66%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyNewsTop StoriesBitcoin TreasuryEthereum ETF