TLDR:
Bit Digital holds 122,187 ETH valued at $506M, staking over 80% for consistent yield income.
The firm earned 291 ETH in staking rewards during September, equal to a 3.37% annualized return.
Bit Digital raised $150M through convertible notes to expand its Ethereum holdings.
The company’s Ethereum treasury strategy marks a complete shift from Bitcoin mining to ETH yield focus.
Bit Digital’s newest treasury report signals one thing clearly, the company is all-in on Ethereum. The Nasdaq-listed firm revealed it now holds 122,187 ETH, worth roughly $506 million as of September 30, 2025.
Most of that stack is earning yield through staking, showing how fast Bit Digital’s strategy has shifted from mining to active crypto asset management.
The company’s September filing paints a clear picture of its evolving treasury model. Instead of relying solely on Bitcoin mining, Bit Digital is now using Ethereum’s proof-of-stake system to generate recurring income.
The report shows that 81.8% of its ETH holdings, nearly 100,000 coins, were staked during the period.
That allocation earned the firm 291 ETH in rewards, representing a 3.37% annualized yield. With Ethereum’s price closing at $4,145.99 at the end of September, those returns translated into roughly $1.2 million in additional income for the month.
Bit Digital acquired 653 ETH during the same month, pushing its average cost basis to around $2,643 per coin. That puts the firm’s holdings well above breakeven levels, suggesting its Ethereum position is generating both capital appreciation and yield growth.
Ethereum Staking Takes Center Stage in Bit Digital Treasury Strategy
According to Bit Digital’s press release, the company’s treasury strategy now revolves around staking.
The approach treats Ethereum as a productive, income-bearing asset instead of a speculative token. This model allows the firm to earn passive rewards while maintaining long-term exposure to ETH’s market value.
Crypto analytics platform AlvaApp described the move as an “ETH-native pivot,” pointing out that the company has essentially redesigned its treasury for consistent on-chain yield. The analyst added that such positioning could set a precedent for other public firms considering staking as part of their capital strategy.
Bit Digital’s recent $150 million convertible notes offering underscores that point. The company confirmed it plans to deploy those proceeds into further Ethereum purchases.
The decision aligns with its shift toward yield-driven operations and reduced dependency on volatile Bitcoin mining revenue.
Beyond Ethereum, Bit Digital maintains control of 27 million shares of WhiteFiber (WYFI), equal to about 71.5% of the outstanding stock. The report shows that while the firm is diversifying, Ethereum remains its main engine for growth and yield.
Corporate Staking Trend Builds Momentum
Bit Digital’s latest treasury results mirror a broader movement among institutional players toward Ethereum staking.
Companies are discovering that proof-of-stake models offer predictable yields with less energy intensity. For firms like Bit Digital, staking provides a scalable way to earn income while staying fully engaged with the crypto ecosystem.
The company’s upcoming appearance at the AIM Summit in Dubai later this month may shed more light on its long-term plans. For now, its strategy reflects a clear confidence in Ethereum’s network stability and earning potential.
As more corporate treasuries explore staking, Bit Digital’s model could serve as an early example of how blockchain assets are maturing into productive, yield-based investments.
