Ethereum Updates Today: Bit Digital Sees 33% Revenue Surge Driven by Ethereum Staking, the "Digital Oil"

Bit Digital Inc. (NASDAQ:BTBT) posted a 33% increase in revenue year-over-year, reaching $30.5 million for Q3 2025, as a result of its strategic move toward

(ETH) staking and cloud-based offerings. The financial update, released on November 17, highlights the company’s evolution into a dedicated treasury and staking-focused business. to $18 million, while to $2.9 million. This transition has established as a leading institutional participant in ETH staking, with its ETH assets rising from 30,663 in June to 153,547 by October, .

This expansion stands in contrast to a 27% drop in digital asset mining revenue, which fell to $7.4 million due to increased network difficulty and lower hash rates for

(BTC) mining. to focus more on ETH staking, in line with Ethereum’s shift to proof-of-stake and its expanding role in DeFi and smart contract applications. for Bit Digital shares, highlighting the company’s disciplined approach to ETH accumulation and its long-term treasury strategy.

Broader trends in the crypto sector also emphasize ETH’s growing importance.

that Ethereum holders transfer their coins at a rate three times higher than Bitcoin owners, underscoring ETH’s function as “digital oil” that powers network activity, while BTC is viewed as a “digital savings asset.” This rapid movement illustrates Ethereum’s significance in supporting decentralized apps and layer-2 technologies, to strengthening its staking infrastructure.

At the same time,

. Leverage Shares is preparing to introduce 3x leveraged and inverse ETFs for Bitcoin and Ethereum on Europe’s SIX Exchange, giving investors new ways to navigate market swings during a broader downturn. These offerings follow similar initiatives by U.S. companies such as Defiance Investments, reflecting a rising institutional interest in crypto despite recent declines— , respectively, in November.

Bit Digital’s achievements are part of a broader wave of institutional involvement. and El Salvador have both increased their Bitcoin reserves, and the Czech Republic has made its initial crypto investment. However, from Bitcoin ETFs this month, with BlackRock’s IBIT alone experiencing $2.1 billion in outflows. This contrast between growing institutional confidence and retail investor caution highlights the crypto market’s ongoing evolution.

Bit Digital continues to prioritize maximizing returns from ETH staking and expanding its cloud services to support AI applications. With Ethereum’s network usage on the rise and advancements in quantum-resistant technology, the company’s direction aligns with prevailing trends in the crypto industry. As the sector adapts to regulatory changes and technological progress, Bit Digital’s focus on ETH staking illustrates the industry’s move from speculative trading toward building value through infrastructure.