Bit Digital(US:BTBT) Proactiveinvestors NA·2025-07-12 13:22Core Viewpoint - Bit Digital Inc is transitioning from Bitcoin mining to focusing on Ethereum, having sold 280 Bitcoin to acquire over 100,000 Ethereum, aiming to become a leading Ethereum capital markets proxy [1][5]. Group 1: Business Transformation - The company has shifted its business model from Bitcoin mining to Ethereum, inspired by Michael Saylor's strategy [2][3]. - Bit Digital aims to become a preeminent public vehicle for Ethereum, leveraging its digital infrastructure business [2][4]. Group 2: Rationale for Ethereum - Ethereum is recognized as the most widely used blockchain, facilitating various applications such as stablecoin settlements and tokenized assets, which Bitcoin does not support [4]. - The company believes it can serve as a capital markets proxy for investors interested in Ethereum [4]. Group 3: Financial Position - After selling Bitcoin and utilizing cash, the company has no debt and holds over 100,000 Ethereum, positioning itself as one of the largest Ethereum capital markets proxies globally [5]. - The company plans to aggressively acquire more Ethereum and stake it to generate compound yields, differentiating itself from Ethereum ETFs that cannot stake [6].