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![0xJigen Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1492729178512314369.png) Jigen [@0xJigen](/creator/twitter/0xJigen) on x 61.2K followers
Created: 2025-07-08 19:58:34 UTC

Bit Digital became the largest public holder of $ETH. 

Over XXXXXXX ETH ($189M), up from just 24K earlier this year.

They sold XXX $BTC and raised $172M in equity to fund the shift. 

Why?

→ Staking yield > post-halving BTC mining
→ Programmability + tokenized asset dominance
→ Ethereum as the financial layer of crypto

$BTBT jumped XX% on the move. Their treasury model now mirrors the growing conviction that Ethereum is productive capital.

Who's next to rotate?

![](https://pbs.twimg.com/media/GvXEVe5XAAAVmFs.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942674691602235754/c:line.svg)

**Related Topics**
[$btbt](/topic/$btbt)
[tokenized](/topic/tokenized)
[staking](/topic/staking)
[$172m](/topic/$172m)
[$btc](/topic/$btc)
[$189m](/topic/$189m)
[$eth](/topic/$eth)
[bit digital](/topic/bit-digital)

[Post Link](https://x.com/0xJigen/status/1942674691602235754)