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NEW YORK - Cryptocurrency company Bit Digital, Inc. (NASDAQ:BTBT), with a market capitalization of $838.6 million and a strong current ratio of 7.82, held approximately 121,252 Ethereum (ETH) tokens valued at about $532.5 million as of August 31, according to a press release statement issued Thursday.
The company reported that it had staked about 105,031 ETH, representing approximately 86.6% of its total holdings. This staking activity generated around 249 ETH in rewards during August, equivalent to an annualized yield of about 2.94%. According to InvestingPro data, the company’s revenue grew by 13.3% in the last twelve months, while maintaining more cash than debt on its balance sheet.
Based on the closing ETH price of $4,391.91 on August 31, the market value of Bit Digital’s Ethereum holdings reached the $532.5 million mark.
The company also maintains ownership of approximately 27.0 million WhiteFiber (WYFI) shares as of the end of August, with 321,432,722 Bit Digital shares outstanding.
Bit Digital’s Ethereum holdings include approximately 15,084 ETH and ETH-equivalents held in an externally managed fund, along with approximately 5,094 ETH presented on an as-converted basis from LsETH.
The company plans to participate in the H.C. Wainwright & Co. 27th Annual Global Investment Conference on September 8-10 and the Token2049 Singapore Conference on October 1-2.
Bit Digital describes itself as a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, having begun accumulating and staking ETH in 2022. Based on InvestingPro’s Fair Value analysis, the stock currently appears fairly valued, with a Financial Health Score rated as "FAIR" by InvestingPro’s comprehensive evaluation system.
In other recent news, Bit Digital Inc. reported its Q2 2025 earnings, missing forecasts in both earnings per share (EPS) and revenue. The company posted an EPS of $0.07, which was better than the projected -$0.02. However, this positive result was overshadowed by a revenue shortfall, with actual revenue coming in at $25.7 million, falling short of the anticipated $27.12 million. These recent developments have drawn attention from investors and analysts alike. Despite the EPS beat, the revenue miss indicates challenges in meeting market expectations. The earnings report has led to discussions among analysts regarding the company’s future performance. Additionally, the market response to these results highlights investor concerns about the company’s growth trajectory. Analysts from various firms are closely monitoring Bit Digital’s strategic moves and financial health.
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