While Bitcoin maximalists clutch their digital pearls, one of crypto’s biggest miners just dropped a bombshell. BTC Digital Ltd. announced it’s dumping all its Bitcoin holdings for Ethereum, and they’re not being subtle about it.
The company just closed a $6 million funding round to boost their ETH reserves and added another cool million in Ethereum to their treasury. But here’s the kicker – they’re not alone. A whopping $1.75 billion in Bitcoin has been shifted toward Ethereum by miners in 2025, marking a seismic shift in the crypto mining landscape. Industry leader Bitmine Immersion has already amassed Ethereum holdings exceeding $1 billion.
Why the dramatic pivot? BTC Digital points to Ethereum’s broader utility and DeFi capabilities. Gone are the days of energy-hungry Bitcoin mining rigs. Since Ethereum’s shift to Proof of Stake in 2022, companies like BTC Digital are finding it far more profitable to simply stake ETH. The platform’s smart contracts ensure automated and transparent transactions without intermediaries. No more massive electricity bills or hardware headaches. The shift mirrors wider industry trends, as Bit Mining shares surged 150% following their own transition to Solana operations.
Ethereum’s proof-of-stake and DeFi ecosystem offers miners a more profitable path forward, replacing Bitcoin’s energy-intensive mining with simple staking rewards.
The numbers tell a brutal story. Bitcoin miner stocks have been getting hammered, consistently underperforming both Bitcoin ETFs and Ethereum-focused firms. Meanwhile, public companies collectively added over $1.5 billion in ETH to their treasuries in 2025. Talk about reading the room.
BTC Digital isn’t just changing its investment strategy – it’s going all in. The company is selling off its Bitcoin mining assets faster than crypto tourists during a bear market. Their subsidiary, WhiteFiber, is even preparing for a public offering, centered entirely around their Ethereum-based future.
The writing’s on the wall: Ethereum’s smart contracts, DeFi capabilities, and more efficient staking model are winning over the institutional crowd. For miners like BTC Digital, it’s simple math. Easier returns, lower operational costs, and broader application possibilities make ETH increasingly attractive.
Bitcoin maximalists might not like it, but when major miners start jumping ship, it’s worth paying attention. The future of finance, it seems, speaks Ethereum.
