⚡️ NEW: Bit Digital transforms into a company fully specialized in Ethereum storage and digital treasury management!
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🏢 Decision Details:
– Bit Digital announces a strategic shift to become:
🔹 "A company fully focused on storing $ETH and managing the treasury"
– Currently owns:
🔸 24,434 Ethereum ($ETH)
🔸 417 Bitcoin ($BTC)
– Plans to:
🔹 Convert all Bitcoin holdings to Ethereum
🔹 Completely halt mining operations
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💡 What does this mean?
– A strategic shift towards passive income from staking instead of high-cost mining
– A strong bet on the future of Ethereum and Proof of Stake
– Enhances the legitimacy of $ETH as an institutional treasury asset
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📈 Potential impact:
– Buying pressure on $ETH against selling pressure on $BTC
– Will other companies follow this trend?
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❓Do you think mining companies will gradually shift towards storage and decentralized finance?
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