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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
195
Holders Change
+20
Holders Change %
+11.43%
% of All Funds
2.56%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
61
Increased
73
Reduced
35
Closed
37
Calls
$40.9M
Puts
$27.4M
Net Calls
+$13.5M
Net Calls Change
+$7.39M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$43.5M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$18.8M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$16.3M
4
State Street
State Street
Massachusetts
+$12.2M
5
AIC
AWM Investment Company
New York
+$12.1M

Top Sellers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$14.3M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$12.6M
3
ECP
Empyrean Capital Partners
California
-$9.31M
4
BRF
B. Riley Financial
California
-$8.78M
5
VCM
Valiant Capital Management
California
-$8.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rafferty Asset Management
151
Rafferty Asset Management
New York
$33.2K +$33.6K +11,073 New
LCM
152
LCM Capital Management
Illinois
$33K +$33.4K +11,000 New
SB
153
SIG Brokerage
New York
$30.9K -$53.6K -17,685 -63%
MFG
154
Merit Financial Group
Georgia
$30.6K +$146 +48 +0.5%
BRWM
155
Blue Rock Wealth Management
North Carolina
$30K – – –
HW
156
Hamilton Wealth
California
$30K +$30.3K +10,000 New
LCWP
157
Legacy Capital Wealth Partners
Arkansas
$30K +$30.3K +10,000 New
SSWM
158
Sheets Smith Wealth Management
North Carolina
$30K +$30.3K +10,000 New
STA
159
Summit Trail Advisors
New York
$30K +$30.3K +10,000 New
Fidelity Investments
160
Fidelity Investments
Massachusetts
$27.1K -$270K -89,026 -91%
TRCT
161
Tower Research Capital (TRC)
New York
$26.2K -$50.2K -16,561 -65%
QCG
162
Quadrant Capital Group
Ohio
$23.7K +$24K +7,902 New
HFS
163
Horizon Financial Services
North Carolina
$18K – – –
NFSG
164
Newbridge Financial Services Group
Florida
$15K – – –
ASN
165
Advisory Services Network
Georgia
$13K +$13.1K +4,325 New
PA
166
Parallel Advisors
California
$12.8K – – –
AB
167
Amalgamated Bank
New York
$12K – – –
S
168
SignatureFD
Georgia
$7.73K – – –
Nisa Investment Advisors
169
Nisa Investment Advisors
Missouri
$6.44K +$4.55K +1,500 +232%
MCM
170
MAI Capital Management
Ohio
$6.34K -$2.14K -705 -25%
WAM
171
Wolverine Asset Management
Illinois
$5.87K +$5.93K +1,955 New
US Bancorp
172
US Bancorp
Minnesota
$5K +$434 +143 +9%
HCM
173
Hollencrest Capital Management
California
$3.23K – – –
PNC Financial Services Group
174
PNC Financial Services Group
Pennsylvania
$2.86K +$1.5K +494 +107%
BCM
175
Blume Capital Management
California
$2.25K +$2.27K +750 New
5 6
7
8 9

BTBT Hedge Fund Activity: Q3 2025 in Review

195 of the 7,620 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.