Bit Digital Holds $500M in ETH, With 82% Staked Earning 3.37% Yield

Nasdaq-listed Bit Digital, Inc. has revealed that as of September 30, it held 122,187 ETH, worth more than $500 million. Impressively, about 82% of that or roughly 99,936 ETH, is staked, earning the company steady passive income. During the staking period, Bit Digital generated 291 ETH in rewards, which translates to an annualized yield of around 3.37%. Staking, which involves locking up tokens to help secure the Ethereum network, has become a popular way for institutions to earn yield while holding long-term positions. Bit Digital’s move underscores its growing confidence in Ethereum’s proof-of-stake model and its strategy to make crypto holdings more productive. For investors, it’s another sign that traditional firms are getting smarter about maximizing their digital assets.