Bit Digital, Inc. (BTBT) ended the recent trading session at $3.15, demonstrating a -2.48% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.24%. Shares of the company have appreciated by 62.31% over the course of the past month, outperforming the Business Services sector's loss of 0.55%, and the S&P 500's gain of 4.61%.Investors will be eagerly watching for the performanc ...

In the latest trading session, Bit Digital, Inc. (BTBT) closed at $3.23, marking a -3.87% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.07% for the day. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.18%. Shares of the company have appreciated by 42.98% over the course of the past month, outperforming the Business Services sector's gain of 1.45%, and the S&P 500's gain of 5.71%.Analysts and investors alike will be keeping a close eye o ...

LIVE NOW - Why I Ditched Bitcoin Mining for EthereumThe race for ETH supremacy among public companies is heating up—and @BitDigital_BTBT is charging hard. CEO @SamirTabar joins us to share why they’re going all-in on Ether, how they're copying @saylor's playbook (but for ETH), and what sets BitDigital apart from the rest of the pack.We talk staking strategies, ETH yields, competitive dynamics, and the explosive rise of ETH treasury companies. This is the next phase of institutional Ethereum adoption—don’t m ...

Core Insights - A significant capital influx is observed in Ethereum following the signing of the "Genius Act" by Trump, with Ethereum's price surging 8% to over $3600, reaching a market cap of $437.9 billion [1] - Many publicly listed companies in the U.S. are adjusting their cryptocurrency reserve strategies, incorporating Ethereum as a core asset on their balance sheets [1][2] - The number of entities holding Ethereum has increased from 40 in June to 59 by July 23, with the top 10 companies holding over 860,000 Ethereum, valued at approximately $3.2 billion, marking a 45% increase since June [2] Company Strategies - SharpLink Gaming has emerged as the largest holder with 360,000 Ethereum (approximately $1.3 billion), surpassing the Ethereum Foundation [3] - Bit Digital, a digital asset platform, raised about $172 million through a public offering and used the proceeds to acquire 120,000 Ethereum, indicating a strategic shift towards Ethereum due to its potential to "reshape the financial system" [4] - Companies are employing various financing strategies to acquire Ethereum, including selling Bitcoin and utilizing decentralized finance (DeFi) protocols for leveraged purchases [6] Market Dynamics - The "Genius Act" establishes a federal regulatory framework for stablecoins, contributing to the rapid increase in Ethereum's value [6] - Institutions are shifting their investment logic from speculation to balance sheet management, viewing Ethereum as a "digital treasury bond" and participating in staking and DeFi to generate annual cash flows of 5% to 10% [7] - Ethereum is becoming a favored asset in corporate portfolios, alongside other major cryptocurrencies like BNB, SOL, and TRX [7]

Core Viewpoint - The article highlights a significant shift in the strategy of U.S. publicly listed companies towards incorporating Ethereum into their core asset reserves, driven by the recent passage of the "Genius Act" which has established a federal regulatory framework for stablecoins [2][8]. Group 1: Market Reaction and Trends - Following the signing of the "Genius Act," Ethereum's price surged by 8% within 24 hours, reaching a new high of $3,600 and a market capitalization of $437.9 billion [2]. - The number of entities holding Ethereum increased from 40 in June to 59 by July 23, with the top 10 companies holding over 860,000 Ethereum, valued at approximately $3.2 billion, marking a 45% increase since June [4][8]. Group 2: Institutional Strategies - Companies are adopting various financing strategies to acquire Ethereum, including private placements, market offerings, and even selling Bitcoin to purchase Ethereum [8]. - Bit Digital, a digital asset platform, raised about $172 million through a public offering and used the funds to acquire 120,000 Ethereum, citing its potential to "reshape the financial system" [6][8]. Group 3: Changing Investment Logic - There is a notable shift in institutional investment logic from speculation to asset-liability management, with Ethereum being viewed as a "digital treasury bond" [9]. - Companies are engaging in staking and decentralized finance (DeFi) protocols to generate annual cash flows of 5% to 10% from their Ethereum holdings [9].

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Bit Digital, Inc. (BTBT) .Bit Digital currently has an average brokerage r ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Bit Digital has strategically increased its Ethereum holdings, viewing Ethereum as foundational to the future of digital financial infrastructure and committing to scaling its ETH assets as part of a long-term strategy [2][3]. Group 1: Company Actions - Bit Digital purchased approximately 19,683 Ethereum using net proceeds from a $67.3 million registered direct offering, bringing its total ETH holdings to approximately 120,306 [1]. - The company operates Ethereum infrastructure and stakes the majority of its ETH holdings, earning yield while contributing to the network's security and performance [3][4]. Group 2: Industry Positioning - With around 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in public markets, emphasizing Ethereum's role in real economic activities and as a core collateral layer for stablecoins and decentralized applications [2][3]. - The company aims to provide regulated exposure to Ethereum's underlying economics through traditional equity vehicles, combining operational involvement with compliance standards [3][4]. Group 3: Strategic Vision - Bit Digital views Ethereum's programmable nature, growing adoption, and staking yield model as critical components of the future of digital assets, positioning it as a global coordination layer for the emerging onchain economy [2][3]. - The company has been accumulating and staking ETH since 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally, focusing on secure, scalable, and compliant access to onchain yield [4].

Company Performance - Bit Digital, Inc. (BTBT) closed at $4.01, reflecting a +2.04% change from the previous day's closing price, outperforming the S&P 500 which gained 0.54% [1] - Prior to the recent trading session, BTBT shares had increased by 63.07%, contrasting with the Business Services sector's decline of 1.28% and the S&P 500's gain of 4.2% [1] Earnings Expectations - The upcoming earnings disclosure is expected to show an EPS of -$0.02, indicating a 100% decline compared to the same quarter last year [2] - For the full year, Zacks Consensus Estimates project an EPS of -$0.32 and revenue of $123.6 million, representing changes of -14.29% and +14.39% respectively from the previous year [2] Analyst Estimates - Recent changes in analyst estimates for Bit Digital, Inc. are crucial as they reflect the evolving short-term business dynamics [3] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 stocks averaging an annual return of +25% since 1988 [5] - Over the last 30 days, the Zacks Consensus EPS estimate for Bit Digital, Inc. has decreased by 90%, and the company currently holds a Zacks Rank of 3 (Hold) [5] Industry Overview - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [6] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [6]

Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Expertise and Focus Areas - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]