Company: BTBT
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001213900-25-057815
Chunk: 6

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 424B5
Chunk 6
---
. We began accumulating ETH and operating staking infrastructure in 2022 and have steadily increased our holdings since
that time. As of March 31, 2025, we held 24,434 ETH, valued at approximately $44.6 million based on then-prevailing market prices. Of
that total, 21,568 ETH was staked natively on the Ethereum network through a third-party validator operated by Figment Inc. For the year
ended December 31, 2024, we generated an average of 3.2% annual percentage yield of ETH.

Given increased regulatory
clarity, including the recently passed GENIUS Act, we view ETH as a digitally native store of value and foundational infrastructure for
decentralized applications and stablecoins. Accordingly, we intend to grow our ETH position over time, supported by staking rewards. Through
staking, we earn rewards that can be reinvested into ETH or used for general corporate purposes. We believe that our strategy will drive
growth in ETH per ordinary share outstanding.

We safeguard our ETH using
institutional-grade custodians, including Fireblocks Inc. and Cactus Custody Holding Company. Over time, management expects ETH holdings
and staking income to represent the primary source of shareholder value. This strategy marks a significant evolution of our business model,
aligning our capital structure and value proposition with the performance of ETH and associated network economics. We believe this approach
offers investors a liquid, regulated vehicle for long-term ETH exposure, combining capital markets access with the income potential of
Ethereum’s proof-of-stake network.

Net
proceeds from this offering are intended to be used to purchase Ethereum.

We have commenced
a strategic alternatives process for our bitcoin mining operations that is expected to result in their sale or wind-down, with any net
proceeds to be re-deployed into ETH. As of March 31, 2025, we held 417.6 bitcoin, valued at approximately at approximately $34.5 million
based on then-prevailing market prices. Following this offering, we intend to focus exclusively on accumulating
ETH and ETH operations.

<div align='center'>S-1</div>

Recent Developments

Subsidiary Initial Public Offering

On June 25, 2025, we announced
that our wholly-owned HPC subsidiary, WhiteFiber, has confidentially submitted a draft registration statement on Form S-1 with
the SEC relating to the proposed initial public offering of White