Bit Digital has divested its entire Bitcoin reserve of 280 BTC to significantly increase its Ethereum holdings to 100,603 ETH. The strategic shift, announced on July 7, 2025, follows a $172 million capital raise. CEO Samir Tabar emphasized Ethereum's transformative potential in the financial sector, labeling it the leading institutional blockchain. This acquisition marks a substantial increase from the 24,434 ETH held at the end of Q1 2025, positioning Bit Digital among the top 10 ETH treasury firms. The company's stock, BTBT, experienced a 19% surge post-announcement, contributing to an 80% recovery since June. Ethereum's price has also climbed over 22% recently, outperforming Bitcoin by 10% in the last two weeks, with the ETH/BTC ratio indicating further potential for Ethereum's dominance.