Director Buys 500,000 Shares Bit Digital (BTBT)
Brock J. Pierce, Director, disclosed the purchase of 500,000 shares of Bit Digital (NASDAQ:BTBT) at $2 per share, totaling approximately $1 million, as reported in a Form 4 filing dated June 27, 2025. Pierce now directly owns 500,000 shares and indirectly owns 80,000 shares through Percival Services, LLC.
Bit Digital is a digital asset mining business focused on Bitcoin, operating at scale with $163.76 million in 2024 revenue. It is engaged in Bitcoin mining and Treasury management activities.
While we as investors should never transact in a stock purely based on an insider's actions, this one is notable. Pierce is essentially placing a $1 million bet on the future of Bit Digital, and by extension, the future trajectory of Bitcoin (CRYPTO:BTC).
Source Fool.com
