$ETH $BTC
Once solely focused on mining Bitcoin, a giant mining company!
Suddenly invested $150 million all in Ethereum!
Bitcoin mining company Bit Digital recently made a big move: by going public, they raised $150 million in one go, planning to completely abandon Bitcoin mining and turn heavily towards Ethereum!
They sold 75 million shares at a price of $2 per share, and the underwriters have 30 days to buy an additional 11.25 million shares. All this money will be used to buy Ethereum, which is one of the largest ETH investment commitments currently in the public market!
Now, Bit Digital is determined to say goodbye to Bitcoin mining, preparing to either sell or shut down this business. As of March 31, they hold 24,434 ETH and 418 BTC, and in the future, they plan to convert all their Bitcoin into Ethereum. Is this 'track shift' in the cryptocurrency world a brilliant move or a risky gamble? We will continue to watch closely!
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