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Bit Digital adjusts staking allocation to increase flexibility in March

Bit Digital reduced the share of its Ethereum allocated to staking in March to increase treasury liquidity and preserve flexibility for alternative yield opportunities. The company held about 155,444 ETH (≈$327m at a ~$2,104 close) with an average acquisition cost of ~$3,045 per ETH, leaving the position underwater versus book cost. Roughly 96,322 ETH (≈62% of holdings) remained staked after the reduction, generating ~291 ETH in rewards over the period (annualized ≈2.9%). The update highlights potential near-term increases in liquid ETH available to the firm and underlines its balance between staking income and portfolio flexibility; Bit Digital also reported a large equity holding (27m WhiteFiber shares, ≈$322m). Market impact: modest — increased liquidity could create optionality around yield or sales, but no explicit sell program was announced.

Category

Bitcoin

Sentiment

Neutral

Event

Institutional flow

Reading time

1 min