Bit Digital Ethereum Staking: BTBT Stock Soars, ETH Crashes—Why?

Bit Digital Ethereum Staking: Will ETH Crash Lead To BTBT Stock Tumble

What happens when a Nasdaq-listed firm raises $162.9 million—only to ditch BTC entirely? In the latest Ethereum news today, a company named Bit Digital Nasdaq BTBT is going all-in on ETH staking. 

And yes, this isn’t a test run—this is a full-scale Bit Digital Ethereum staking strategy.

Bitcoin Exit to ETH Entry—Bit Digital Ethereum Staking Explained

As per Wu Blockchain, this staking is no longer just an experiment—it’s the company’s new identity. The firm has officially announced a major pivot away from BTC mining by raising $162.9 million through a public stock offering. 

Source: Wu Blockchain X Account

The firm plans to convert its entire Bitcoin holdings (417.6) into the other token and focus completely on ETH accumulation and staking operations. The company already holds 24,434.2 ETH tokens, making it one of the leading staking companies globally.

Market Reaction: BTBT Stock Surge, and ETH Price Crashes

The stock surged nearly 15% after announcing a $162.9M fundraise to pivot fully into second larget cryptocurrency. 

• On the weekly chart, it bounced off the lower Bollinger Band ($1.77) and broke above the 20-week SMA ($2.28), signaling renewed bullish momentum. 

• Immediate resistance lies at $2.78, and a breakout above this could trigger a move toward $3.30.

In contrast, the ETH price news and chart shows weakness. It fell 2.13% this week, as per TradingView chart, currently hovering around $2,448. 

• The RSI sits flat at 50, reflecting indecision. According to ethereum price prediction today, if it fails to hold the $2,300 support, it could retrace toward $2,000. 

• A breakout above $2,800 is needed to resume a bullish trend.

Ironically, while BTBT is betting big on this token, it itself is struggling to regain strength. All eyes are now on whether this second largest cryptocurrency can break out—or drag the stock down with it.

Analysts expect higher valuations for the company if the this assets price rebounds and securing rewards stay strong. This bullish trend supports a positive bit digital stock forecast

It’s Not Just Bit Digital—More Public Companies Are Holding ETH

Top crypto journalist Colin Wu recently released a list of public firms that now hold this cryptocurrency in their treasuries. Alongside the current company, here’s a list shown in the image.

So Why Is Ethereum Becoming the New Favorite Over Bitcoin?

It offers three major advantages over Bitcoin in today’s market:

1. Earn Passive Income – You can earn rewards by securing this coin.

2. Eco-Friendly – It uses less energy, so it’s better for the environment. 

3. More Use Cases – It isn’t just for holding value—it powers DeFi apps, NFTs, and Layer-2 networks. Bitcoin doesn’t do all that.

The shifting decision has also caught the attention of those watching this coin's price and long-term BTBT stock price prediction 2025.

Conclusion: Are Companies Starting to Choose Ethereum Over Bitcoin?

BTBT Bit Digital ethereum staking might just be the tipping point for the next big wave in corporate crypto strategy. As it gains traction among institutions, and more companies exit Bitcoin holdings, we may see this token becoming the preferred reserve asset for publicly traded firms.