Bit Digital
BTBT
195 hedge funds and large institutions have $452M invested in Bit Digital in 2025 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 73 increasing their positions, 35 reducing their positions, and 37 closing their positions.
109% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 35
69% more capital invested
Capital invested by funds: $267M → $452M (+$185M)
65% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 37
49% more call options, than puts
Call options by funds: $40.9M | Put options by funds: $27.4M
11% more funds holding
Funds holding: 175 → 195 (+20)
11.51% less ownership
Funds ownership: 58.39% → 46.88% (-12%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$43.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$18.8M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$16.3M |
| 4 |
State Street
Boston,
Massachusetts
|
+$12.2M |
| 5 |
AIC
AWM Investment Company
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$14.3M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.6M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$9.31M |
| 4 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$8.78M |
| 5 |
VCM
Valiant Capital Management
San Francisco,
California
|
-$8.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Optiver Holding
Amsterdam,
Netherlands
| – | -$3.5K | -1,600 | Closed |
|
227
Raymond James Financial
St Petersburg,
Florida
| – | -$2.91K | -1,327 | Closed |
|
|
TIM
228
Total Investment Management
Scottsdale,
Arizona
| – | -$2.63K | -1,200 | Closed |
|
229
Lazard Asset Management
New York
| – | -$1K | -731 | Closed |
|
|
AAS
230
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$86 | -39 | Closed |
|
231
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$76 | -25 | -14% |
|
|
T
232
Transce3nd
Kyle,
Texas
| – | -$44 | -20 | Closed |
|
BTBT Hedge Fund Activity: Q3 2025 in Review
195 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Bit Digital (BTBT) for Q3 2025, worth a combined $452M — up 69% from $267M a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new BTBT positions and 37 closed out — a net gain of 24 holders — while 73 added to existing stakes and 35 trimmed.
The largest buyer was BlackRock, adding an estimated $43.5M. The largest seller was Balyasny Asset Management, cutting an estimated $14.3M.
- 195 institutional investors held Bit Digital (BTBT) as of Q3 2025, up from 175 in Q2 2025.
- Funds reported $452M of Bit Digital stock for Q3 2025, up 69% quarter-over-quarter.
- 61 funds opened new Bit Digital positions in Q3 2025 and 37 closed out, a net change of +24 holders.
- The largest Bit Digital buyer in Q3 2025 was BlackRock, an estimated $43.5M added.
- The largest Bit Digital seller in Q3 2025 was Balyasny Asset Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q3 2025.