KBC Group NV Makes New Investment in Bit Digital, Inc. $BTBT

Posted by Brenda Bartman on Jul 26th, 2026

KBC Group NV bought a new position in Bit Digital, Inc. (NASDAQ:BTBT – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 513,061 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of Bit Digital by 40.3% during the fourth quarter. State Street Corp now owns 11,518,002 shares of the company’s stock valued at $21,769,000 after acquiring an additional 3,307,076 shares during the period. Invesco Ltd. boosted its stake in Bit Digital by 18.0% in the 4th quarter. Invesco Ltd. now owns 10,492,680 shares of the company’s stock worth $19,831,000 after purchasing an additional 1,604,011 shares during the period. Geode Capital Management LLC grew its position in Bit Digital by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 9,347,321 shares of the company’s stock worth $17,669,000 after purchasing an additional 403,097 shares in the last quarter. Vanguard Group Inc. grew its position in Bit Digital by 549.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,330,673 shares of the company’s stock worth $21,992,000 after purchasing an additional 6,201,477 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Bit Digital by 21.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,123,173 shares of the company’s stock valued at $13,463,000 after purchasing an additional 1,260,686 shares during the period. 47.70% of the stock is owned by hedge funds and other institutional investors.

Bit Digital Trading Down 8.7%

Shares of NASDAQ:BTBT opened at $1.37 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 6.36 and a current ratio of 6.36. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $1.78. The company has a market cap of $478.39 million, a P/E ratio of -2.01 and a beta of 4.02. Bit Digital, Inc. has a 52-week low of $1.25 and a 52-week high of $4.55.

Bit Digital (NASDAQ:BTBT – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.41). The business had revenue of $27.92 million for the quarter, compared to the consensus estimate of $25.73 million. Bit Digital had a negative net margin of 145.39% and a negative return on equity of 8.44%. Equities research analysts predict that Bit Digital, Inc. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BTBT. B. Riley Financial restated a “buy” rating on shares of Bit Digital in a report on Monday, May 18th. Craig Hallum reissued a “buy” rating and set a $3.50 price target on shares of Bit Digital in a research report on Tuesday, July 14th. Weiss Ratings downgraded Bit Digital from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research report on Thursday, April 2nd. Finally, Zacks Research upgraded Bit Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.12.

View Our Latest Research Report on BTBT

About Bit Digital

(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.

To support its mining activities, Bit Digital maintains multiple data center facilities across North America.