# Bit Digital Keeps Adding ETH to Treasury

*Author: Bankless*
*Published: Jul 18, 2025*
*Source: https://www.bankless.com/read/bit-digital-keeps-adding-eth-to-treasury*

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Bit Digital is winding down its Bitcoin mining operations and aggressively pivoting to Ethereum, now host to a massive ETH treasury of over 120,000 coins as part of its new identity as an ETH-native staking powerhouse. 

### What’s the Scoop?
- **Validator & Treasury Rollout:** Since launching staking in 2022, Bit Digital has grown one of the largest institutional-grade ETH validator platforms, offering custody, governance, and optimized yield
- **Funding the Shift:** The equity raises include a $150M share offering in late June and a $67.3M direct placement in mid-July, all earmarked to build the ETH treasury
- **Institutional Trend:** The move complements similar strategies by SharpLink and BitMine, reflecting a broader institutional trend toward Ethereum-focused treasuries and staking yield
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