New insider activity at Bit Digital ( (BTBT) ) has taken place on November 24, 2025.
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CFO Erke Huang has made a significant move by selling 1,500,000 shares of Bit Digital stock, amounting to a total value of $3,200,191. This transaction highlights a notable shift in the financial activities surrounding Bit Digital.
Recent Updates on BTBT stock
In the last 24 hours, Bit Digital, Inc. has seen notable developments following its Q3 earnings call, which highlighted significant achievements in Ethereum holdings and staking revenue growth. The company reported a substantial increase in Ethereum holdings, with a fivefold rise in staked ETH since June, and a 542% year-over-year increase in staking revenue. Bit Digital’s strategic focus on Ethereum, supported by a $150 million convertible notes offering to purchase 31,000 ETH, underscores its shift away from Bitcoin mining. Despite this strategic pivot, analysts have lowered their price targets due to slower data center ramp timing and a lower Ethereum mark-to-market valuation. Additionally, Bit Digital faces business risks due to its lack of patents, which could impact its competitive edge. Nonetheless, the company’s strong financial position, with $179 million in cash and $424 million in digital assets, positions it well for future growth and strategic investments.
Spark’s Take on BTBT Stock
According to Spark, TipRanks’ AI Analyst, BTBT is a Neutral.
Bit Digital’s overall stock score is driven by a strong earnings call that highlights strategic shifts and growth in Ethereum holdings, despite operational inefficiencies and cash flow challenges. The technical analysis indicates bearish momentum, but the stock’s undervaluation provides potential upside. The company’s financial stability and strategic focus on Ethereum are key strengths.
To see Spark’s full report on BTBT stock, click here.
More about Bit Digital
YTD Price Performance: -33.01%
Average Trading Volume: 35,179,781
Technical Sentiment Signal: Sell
Current Market Cap: $676.5M