Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 516

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 516
---
. Disposition of Bit Digital Investment Management Limited and Bit Digital Innovation Master Fund Spc Limited for more information), the Company no longer consolidates the investment in the fund. As a practical expedient, the Company uses Net Asset Value (“NAV”) or its equivalent to measure the fair value of the investment in the fund.
On March 25, 2025, the Company invested an additional 3,400 ETH, equivalent to approximately $7.0 million into the fund. For the three months ended June 30, 2025 and 2024, the Company recorded cumulative upward adjustments of $3,917,951 and $331,625, respectively, on the investment. For the six months ended June 30, 2025 and 2024, the Company recorded cumulative downward adjustments of $623,477 and downward adjustment of $2,676,237, respectively, on the investment.

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