๐จ JUST IN: Bit Digital Raises $150 Million to Purchase Ethereum!
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๐ผ Bit Digital, a Nasdaq-listed company, announced its success in raising $150 million through a public offering to buy Ethereum ($ETH) and enhance its digital treasury.
๐ฆ This funding is part of the company's strategy to shift from traditional mining to building an institutional treasury based on ETH, reflecting a significant change in institutional investment trends.
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๐ Key Points:
โ Bit Digital intends to use the entire amount to purchase ETH.
โ This is considered one of the largest institutional moves towards Ethereum treasuries so far.
โ It reflects the increasing confidence in ETH as a long-term strategic asset.
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๐ Are we witnessing a new wave of companies choosing ETH over BTC as the first choice for digital treasuries?
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