Bit Digital Cuts ETH Staking To Boost Treasury Flexibility, Holds $322 Million In WYFI Shares

• Bit Digital reported holdings of 155,444 Ethereum valued at $327 million on Tuesday.
• Around 62% of its holdings remained staked after the company reduced its staked position during the month.
• Similar disclosures have emerged from firms holding Ethereum on their balance sheets, including Bitmine Immersion Technologies, which reported total holdings of over $11 billion on Monday.

Bit Digital, Inc. (BTBT) reported on Tuesday that the firm held roughly 155,444 Ethereum (ETH), valued at $327 million, with an average acquisition price of $3,045 at the end of last month. 

Out of the company’s total holdings, about 62% of its holdings, which amounts to 96,322 ETH, remained staked during the time, while it reduced its staked position in March to give management greater flexibility in handling its Ethereum treasury. The firm stated that the proceeds could be used for “other yield opportunities and other capital allocation.” It added that staking operations generated nearly 291.3 ETH in rewards, yielding about 2.9% annually. 

In addition to its crypto treasury, Bit Digital maintained a majority ownership stake in WhiteFiber (WYFI), an AI infrastructure and high-performance computing (HPC) provider. The firm said it roughly holds 27 million shares of WhiteFiber, valued at over $322 million.

BTBT's stock was down over 4% on morning trade. On Stocktwits, the retail sentiment around BTBT remained in the ‘bullish’ zone, while chatter around it remained at  ‘high’ levels over the past day. 

Corporate Ethereum Treasury Momentum Builds

The update provides a picture of Bit Digital’s approach to managing its Ethereum holdings, balancing staking activity with liquidity needs. The company reduced the share of staked ETH during March while continuing to generate rewards from its remaining staked position.

BTBT referred to itself as a Strategic Asset Company (SAC), which goes beyond passive treasury accumulation by actively engaging in the Ethereum network via validator operations and staking, creating income and promoting network activity on X last week.

Similar disclosures have emerged from other US-listed firms. For instance, Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury in the world, reported Ethereum holdings as part of its $11.4 billion combined crypto and cash position on Monday. 

Ethereum’s price went down by 2.5% over 24 hours. On Stocktwits, the retail sentiment around ETH remained in the ‘bearish’ zone, while chatter around it stayed at ‘normal’ levels over the past day.

Read also: Bitcoin Faces Supply Tug-Of-War While RIOT, MARA Sell And Strategy Keeps Buying

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