Bit Digital (Nasdaq: BTBT) raised $162.9 million from the issuance of 86.25 million shares, used to purchase Ethereum ($ETH ) and convert 417.6 $BTC (~$44.9 million) to ETH. The company, which has been focused on Ethereum staking and treasury since 2022, currently owns 24,434 ETH (~$59.8 million) and operates a large-scale staking infrastructure. #BitDigital stopped mining Bitcoin, completely switching to ETH, following the trend of BitMine (raised $250 million for ETH). After the announcement, BTBT shares increased by 4%, reaching a market capitalization of $655 million. This move strengthens Ethereum's role in finance, promoting DeFi and blockchain. Risk Warning: Information is for reference only, not investment advice.