Nasdaq-listed company Bit Digital $BTBT announced today the completion of its transition to a reserve of $ETH. The company raised approximately $172 million to purchase Ethereum. It also sold 280 $BTC to buy more ETH.

As of March 31, 2025, BTBT holds 24,434 ETH. After this purchase, BTBT holds a total of 100,603 ETH and is preparing to continue increasing its holdings.

After the announcement, BTBT surged over 30% today.