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Bit Digital Surges in Cryptocurrency Landscape: Ethereum Holdings and New Board Member Announced

Jack KelloggAvatar
Written by Jack Kellogg Reviewed by Ellis Hobbs Fact-checked by Matt Monaco
Updated 1/12/2026, 5:04 pm ET 1/12/2026, 5:04 pm ET | 4 min 4 min read
Bit Digital Surges in Cryptocurrency Landscape: Ethereum Holdings and New Board Member Announced Thumbnail

Bit Digital Inc.’s stocks have been trading up by 3.65 percent, driven by robust sentiment and strong market performance.

Candlestick Chart

Live Update At 17:03:58 EST: On Monday, January 12, 2026 Bit Digital Inc. stock [NASDAQ: BTBT] is trending up by 3.65%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

Bit Digital, a notable player in the cryptocurrency domain, recently revealed its December 2025 Ethereum holdings. With an impressive treasury of 155,227.3 ETH and newly acquired 366.8 ETH, Bit Digital demonstrates its significant foothold, having generated 389.6 ETH in staking rewards within a single month. This accomplishment reflects the company’s aggressive strategy to fortify its market status while also maintaining a hefty ownership in WhiteFiber shares valued at approximately $427.3M.

Examining the financial health, Bit Digital reported a revenue figure exceeding $108 million alongside a promising pretax profit margin of 34%. The valuation measures appeared strong with a PE ratio of 9.95, suggesting a solid financial underpinning. The leverage ratio stands at a moderate 1.3, reflecting cautious but tactical financial operations.

Shortly after this revelation, Bit Digital’s market movements showed fluctuations. The five-day closing price scenario saw an increase from $2.04 to $2.27, marking an ascent influenced by optimistic Ethereum metrics and strategic corporate decisions.

Governance and Growth Strategy

In a strategic move reflective of its broader expansion goals, Bit Digital has appointed Amanda Cassatt, founder of Serotonin and the former CMO at Consensys, to its Board of Directors. This appointment comes as the company seeks to bolster its governance structure, aligning itself with growth strategies pivoting towards Ethereum and AI integration.

Amanda Cassatt’s inclusion signals an opportunity to leverage her deep expertise in blockchain strategies, potentially opening new avenues for Bit Digital’s technological advancements. Her track record in executing growth and marketing strategies is anticipated to resonate well with Bit Digital’s ambitions, adding another layer of competence to the Board.

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Conclusion

Bit Digital’s latest announcements underscore its aggressive resource acquisition and leadership enhancement efforts within the digital currency space. The firm’s substantial Ethereum holdings, combined with staking successes and key governance appointments, project a robust narrative of growth and focus.

The coming months will be crucial as Bit Digital seeks to capitalize on these ventures, navigating through the volatile cryptocurrency market landscape. As millionaire penny stock trader and teacher Tim Sykes, says, “There is always another play around the corner; don’t chase just because you feel FOMO.” Such wisdom is essential for traders as they strategize amidst market fluctuations. With a strategic edge cultivated through informed treasury management and expert leadership, Bit Digital is positioned to cement its dominance in the ever-evolving crypto economy.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Jack Kellogg

He teaches webinars on Tim Sykes’ Trading Challenge He became Tim’s youngest millionaire student in 2020. Now he’s second on the Trading Challenge leaderboard with $12.9 million in career earnings. He’s a master of the 7-Step Pennystocking Framework. Jack is one of a rare breed of traders to profitably trade the entire penny stock framework.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”