Darling, gather ’round, for the tale of Bit Digital (BTBT), that Nasdaq darling, has taken a rather amusing turn! In the second quarter of 2025, as the company sashayed away from Bitcoin mining and into the arms of Ethereum (ETH), its revenue decided to play the wallflower, dipping a modest 11.7% to $25.7 million. How quaint! 🕺💰
The Saga Continues
As of June 30, 2025, Bit Digital held 30,663 ETH. By July 18, it had amassed 120,306 ETH, adding 19,683 more. By August 11, the balance reached 121,076 ETH, worth a cool $511.5 million. Oh, the opulence! 💎🤑
During Q2, the company mined a mere 68.2 BTC, down from 83.3 BTC last quarter, promptly converting it into ETH to bolster its treasury strategy. How très Ethereum! 🦄🔗
And what of the stock, you ask? According to Yahoo Finance, it dipped 0.63% to $3.19 on Thursday, but is up 8.9% year-to-date. Investor optimism, darling? Absolutely! They’re toasting to Bit Digital’s Ethereum-focused pivot with champagne and wit! 🥂🎉
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2025-08-15 14:11