Nasdaq-listed company Bit Digital (BTBT) recently announced a major strategic adjustment, attracting widespread attention in the Crypto Assets industry. The company has decided to gradually exit Bitcoin Mining operations and shift its focus to Ethereum staking and treasury management, marking a significant change in its business model.

It is reported that as of March 2023, Bit Digital holds 24,434 ETH (approximately 44.6 million USD) and 418 BTC (approximately 34.5 million USD). The company plans to convert all of its held Bitcoin into Ethereum to further strengthen its position in the Ethereum ecosystem.

Behind this strategic transformation is a keen insight into market trends. In the first quarter of 2025, Bitcoin mining revenue decreased by 17.38% year-on-year, while Ethereum staking showed stable returns and potential price growth. Additionally, shifting from capital-intensive mining operations to a light-asset staking model also helps optimize the company's financial structure and operational efficiency.

To better implement this new strategy, Bit Digital has also spun off a subsidiary, WhiteFiber, focused on core business development. This series of measures demonstrates the decisiveness of the company's management and their forward-looking judgment of the future market.

As the Crypto Assets market continues to evolve, Bit Digital's transformation may serve as a reference for other companies in the industry. There is widespread anticipation for the company's future development, while also closely following the impact this transformation may have on the Ethereum ecosystem.

Bit Digital's transformation not only reflects the dynamic changes in the Crypto Assets industry but also highlights the importance for companies to continuously adjust their strategies to meet market demands. With the ongoing upgrades and improvements to the Ethereum network, such strategic adjustments may become increasingly common within the industry.