Are there any changes in the company's dividend policy, share buyback program, or other shareholder return initiatives?

Shareholder‑return update:

The Bit Digital (BTBT) Q2‑FY25 release contains no language about a dividend declaration, a modification to any existing dividend policy, or the initiation/adjustment of a share‑repurchase program. The press release—and the accompanying financial tables—focus exclusively on revenue growth, staking‑earnings, and balance‑sheet metrics, which is typical for a crypto‑asset platform that reinvests cash to expand its Ethereum‑native treasury and staking capacity. In short, there is no announced change to any shareholder‑return initiative at this time.

Trading implications:

Because BTBT continues to operate without a dividend or buy‑back cushion, price action will remain driven largely by earnings momentum, on‑chain fundamentals, and broader crypto‑market sentiment. The Q2 results beat expectations, pushing the stock higher on the day, but the lack of a tangible return to shareholders means the upside is primarily speculative. Traders should therefore treat the rally as earnings‑driven rather than a value‑play. If you are already long, consider scaling in on pull‑backs to the 20‑day EMA (~$ [insert recent level]) with a stop just below the recent swing low, as a break below could signal a re‑test of the downtrend line. For new positions, limit orders around the 50‑day SMA (~$ [insert level]) are prudent, while keeping an eye on crypto‑asset volatility indices (e.g., BVOL) that can quickly erode the rally if market risk appetite wanes. No dividend or buy‑back catalyst is expected to support the price, so risk management should rely on technical support levels and macro‑crypto risk rather than shareholder‑return expectations.