Bit Digital provides insights into its Ethereum holdings and staking metrics for January
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Bit Digital Inc recently shared its January Ethereum treasury and staking metrics, shedding light on its cryptocurrency holdings and equity stake in WhiteFiber. As of January 31, the company held approximately 155,239.4 ether. At a closing Ethereum price of around $2,449, the market value of its ETH holdings was about $380.2 million, with an average acquisition price of approximately $3,045 per ETH.
The company reported that roughly 138,266 ETH, constituting about 89% of its total holdings, was staked at the end of the month. In terms of rewards, staking operations generated about 344 ETH in January, equating to an annualized yield of approximately 2.9%. By month-end, Bit Digital had roughly 324.2 million shares outstanding.
Additionally, the company disclosed its ownership of approximately 27 million shares of WhiteFiber, valued at around $527.6 million as of the same date. Bit Digital emphasized that it does not plan to sell any of its WhiteFiber shares in secondary offerings or through other discretionary dispositions in 2026.
On the stock market front, shares of Bit Digital rose by 9.3% on Friday morning. This positive movement comes following the company’s detailed account of its January Ethereum holdings and staking metrics. Bit Digital continues to maintain a transparent approach to its cryptocurrency strategies, emphasizing its commitment to its WhiteFiber investments for the year.
Overall, Bit Digital’s latest report showcases the company’s strong Ethereum treasury and staking performance, highlighting its significant market value in the crypto space. The company’s steadfast dedication to its investments and its strategic approach to managing its holdings position it as a key player in the evolving cryptocurrency landscape. With the continued growth and adoption of digital assets, Bit Digital’s prudent financial management and focus on staking rewards demonstrate its resilience and adaptability in the ever-changing crypto market.
