Bit Digital (NASDAQ:BTBT) Trading Down 4.2% – Should You Sell?

22 Jan 2026, 17:54 by Doug Wharley · The Cerbat Gem

Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report)’s share price traded down 4.2% during mid-day trading on Thursday . The company traded as low as $2.14 and last traded at $2.1370. 8,474,260 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 33,397,430 shares. The stock had previously closed at $2.23.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BTBT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bit Digital in a research note on Monday, December 29th. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a report on Monday, November 17th. Zacks Research lowered shares of Bit Digital from a “hold” rating to a “strong sell” rating in a research report on Monday. Wall Street Zen raised shares of Bit Digital from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Northland Securities set a $5.00 price objective on Bit Digital in a research report on Monday, November 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

Read Our Latest Report on BTBT

Bit Digital Stock Performance

The stock has a market cap of $682.95 million, a PE ratio of 5.02 and a beta of 3.94. The company’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.88.

Bit Digital (NASDAQ:BTBT – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $29.54 million. Bit Digital had a negative return on equity of 7.11% and a net margin of 127.61%. Equities research analysts forecast that Bit Digital, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Activity at Bit Digital

In other news, CFO Erke Huang sold 1,089,364 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $2.18, for a total transaction of $2,374,813.52. Following the transaction, the chief financial officer directly owned 1,585,636 shares in the company, valued at approximately $3,456,686.48. This represents a 40.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BTBT. AQR Capital Management LLC raised its stake in shares of Bit Digital by 815.3% during the first quarter. AQR Capital Management LLC now owns 202,648 shares of the company’s stock worth $409,000 after acquiring an additional 180,509 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Bit Digital by 62.6% during the 1st quarter. Millennium Management LLC now owns 2,337,217 shares of the company’s stock valued at $4,721,000 after purchasing an additional 899,967 shares during the last quarter. Ballentine Partners LLC raised its position in Bit Digital by 103.4% in the 2nd quarter. Ballentine Partners LLC now owns 51,601 shares of the company’s stock worth $113,000 after purchasing an additional 26,230 shares during the period. Plancorp LLC raised its position in Bit Digital by 34.8% in the 2nd quarter. Plancorp LLC now owns 15,500 shares of the company’s stock worth $34,000 after purchasing an additional 4,000 shares during the period. Finally, CCG Wealth Management LLC bought a new stake in Bit Digital in the second quarter worth $123,000. 47.70% of the stock is currently owned by institutional investors.

Bit Digital Company Profile

(Get Free Report)

Bit Digital, Inc (NASDAQ: BTBT) is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company’s revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.