The ETH Treasury Race Has Officially Begun | Sam Tabar, CEO of Bit Digital (2nd Largest)

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 24 July 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

The race for ETH supremacy among public companies is heating up—and BitDigital is charging hard. CEO Sam Tabar joins us to share why they’re going all-in on Ether, how they're copying Michael Saylor’s playbook (but for ETH), and what sets BitDigital apart from the rest of the pack We talk staking strategies, ETH yields, competitive dynamics, and the explosive rise of ETH treasury companies. This is the next phase of institutional Ethereum adoption—don’t miss it. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 0:57 Why ETH? 10:49 Ethereum TAM 12:11 Bit Digital 14:18 ETH Treasury Competition 19:07 Is This a Bubble? 21:30 Risks Involved 24:15 Financial Engineering 28:31 ETH Staking Yields 32:15 Ditching Bitcoin Mining 38:02 How Big is This? 40:09 Why Bit Digital? 41:37 Closing & Disclaimers ------ RESOURCES Sam Tabar https://x.com/samirtabar Bit Digital https://bit-digital.com/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠.

Transcript

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0:00.0	I remember having a private meeting with Michael Seller last year or a year and a half ago.
0:04.3	We probably won't be too happy about me admitting this and what was the content of the conversation.
0:09.6	We were in the boardroom together and he was telling me how Bitcoin mining was a shit business
0:14.9	and that I should really think about just being a Bitcoin treasury business.
0:22.7	And I said, well, that's interesting.
0:24.3	I kind of agree with you halfway.
0:26.1	But I'm thinking about doing that.
0:28.7	But for Ethereum, you gave me the dirtiest look.
0:31.8	The conversation kind of died.
0:33.5	It was a pretty bad vibe in that rumor.
0:41.0	Bankless Nation, we are here with Sam Tabar.
0:43.3	He is the CEO of Bit Digital.
0:45.8	Bit Digital is one of the East Treasury companies
0:47.9	that has recently come online
0:49.5	and is already one of the largest
0:51.3	East Treasury companies among publicly traded companies.
0:54.6	Sam, welcome to Bankless. Thanks companies among publicly traded companies. Sam,
1:01.7	welcome to bankless. Thanks for having me. Sam, why ETH? Look, I don't think there is any second best when it comes to rewriting the financial system. Bitcoin doesn't have the ability of smart
1:09.4	contracts to exchange value without a middleman.
1:14.5	And there's a lot of reasons why Ethereum didn't really have its, you know, time and
1:19.9	it's sort of like sun in the day because there was a lot of the era of Gary Gensler was a
1:25.0	really dark time for Ethereum. There are many developers,
	...

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