Bit Digital, Inc. (NASDAQ: BTBT), a publicly traded digital asset company focused on Ethereum infrastructure and treasury operations, released its monthly Ethereum treasury and staking metrics for January 2026, reporting substantial crypto holdings and ongoing staking yields.
Key ETH Holdings and Valuation
As of January 31, 2026, Bit Digital held approximately 155,239.4 Ether (ETH) on its balance sheet, marking one of the largest institutional Ethereum treasuries among publicly traded companies. Based on the ETH closing price of about $2,449 on that date, the company’s Ethereum portfolio had a market value of roughly $380.2 million.
The reported balance includes roughly 15,236.4 ETH and ETH-equivalents held in an externally managed fund. The company’s average acquisition cost across all ETH holdings stood at approximately $3,045 per ETH as of month-end, indicating an unrealized valuation gap between book cost and market prices.
Staking Operations & Rewards
Bit Digital continued its focus on Ethereum staking operations in January, with approximately 138,266 ETH — nearly 89 % of its total holdings — actively staked.
During the period, the company generated about 344.0 ETH in staking rewards, representing an annualized yield near 2.9 % on the staked portion of its holdings. These results underscore the firm’s strategy of deploying ETH into protocol-native staking to earn yield while supporting the Ethereum network’s proof-of-stake consensus.
Capital Structure and Strategic Holdings
In its filing, Bit Digital also confirmed that it had 324,202,059 shares outstanding as of January 31, 2026.
The company retains significant equity exposure beyond cryptocurrency. It holds approximately 27 million shares of WhiteFiber (NASDAQ: WYFI) — an AI and high-performance computing (HPC) infrastructure firm — valued at about $527.6 million as of the same date. Bit Digital reiterated that it will not sell any WhiteFiber shares in secondary offerings or other discretionary dispositions during 2026, signaling a long-term investment view.
Industry Context and Strategy
Bit Digital has increasingly transitioned toward an Ethereum-centric balance sheet strategy, moving away from legacy Bitcoin mining operations to capitalize on the yield-generating characteristics of ETH staking and participation in the broader Ethereum ecosystem. Analysts note this pivot reflects the growing institutional interest in staking as a recurring revenue model.
However, market observers also highlight risks tied to cryptocurrency price volatility; the firm’s average ETH acquisition cost remains above current market prices, reflecting unrealized losses on the treasury’s ETH position.
About Bit Digital
Bit Digital is a Nasdaq-listed digital asset company that purchases and stakes Ethereum to generate protocol-native yields and participates directly in Ethereum network operations. Additionally, the company holds a controlling equity stake in WhiteFiber, positioning itself at the intersection of blockchain infrastructure and AI/HPC technology.
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