Bit Digital's ETH position just hit a new milestone - they're sitting on 154,398.7 ETH now, valued at roughly $461.9 million at current prices. What's interesting here is how aggressive they are with staking: 89% of that entire stack is locked up earning yields. That's not your typical corporate treasury strategy where most keep liquid positions.

They added another 506 ETH last month, which might seem small relative to their total holdings, but it shows consistent accumulation even as we saw choppy price action through November. When institutions keep stacking through volatility, it usually signals long-term conviction rather than short-term trading.

The staking ratio is the real story though. Nearly 90% commitment to validators means they're betting on ETH's staking infrastructure for the long haul, not just holding for speculation. Could indicate they see more upside in staking rewards plus potential price appreciation than keeping powder dry for quick exits.