Bit Digital Shifts Strategy to Ethereum Treasury & Staking Play
In a bold move, Bitcoin miner Bit Digital (BTBT) just flipped the script:
📢 They're ditching Bitcoin mining and going all-in on Ethereum staking.
But here's where it gets interesting...
As the news hit, Ethereum dropped 1%, losing steam after a short post-peace rally tied to Israel-Iran de-escalation.
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🔍 What’s Happening with ETH?
📉 ETH fell 1% in 24 hours
🏦 Exchange reserves are rising → potential sell pressure
📊 ETH briefly broke above the 50-day EMA, then slid back below $2,500
⚠️ Bearish flag pattern forming unless ETH reclaims $2,500 support
> If the current structure breaks down, ETH could revisit $2,100.
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🧠 Bit Digital’s Ethereum Pivot: What It Means
✅ No more Bitcoin mining
✅ Revenues redirected into ETH staking
✅ Scaling ETH treasury holdings
✅ Public share offering planned to boost ETH reserves
This aligns with a growing corporate crypto treasury trend, where firms are now choosing ETH over BTC.
Example:
🏢 SharpLink Gaming (SBET) holds 188,478 ETH — worth ~$457M.
> The era of "Bitcoin maxis" is being tested. Institutions are now valuing Ethereum’s yield potential and long-term role in decentralized finance.
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📈 What to Watch:
💸 Can ETH hold above $2,500 and invalidate the bearish flag?
📉 Breakdown below $2,350 could open doors to $2,100
🧱 If Bit Digital's shift pays off, other miners might follow
💬 Are we witnessing the beginning of an Ethereum corporate accumulation wave?
👇 Drop your thoughts in the comments — is ETH the new institutional favorite?
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