🚀 Bit Digital bets big on Ethereum: +30% on the Stock Market after selling its BTC 💥
💡 A bold strategy
Bit Digital, a Nasdaq-listed company, surprised everyone by swapping 280 BTC for Ether (ETH). This decision marks a major strategic turning point: the company aims to become the largest Ethereum treasury in the world outside of institutional funds.
🔁 No more Bitcoin for them — it's time for Ethereum, seen as more promising due to its key role in smart contracts, decentralized finance (DeFi), and NFTs.
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📊 Immediate result: the stock market is on fire
🎯 The BTBT stock rose +30.44% in 24h, from $2.94 to $3.84!
👉 This movement shows how much the markets love calculated risks and forward-looking visions.
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💰 A growing treasure in ETH
Bit Digital now holds over 100,600 ETH.
This position was funded by a capital raise of 172 million dollars.
The company joins other firms that are accumulating Ether in their balance sheets, riding a growing trend of institutional interest in ETH.
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🔍 A shift that others are following?
Bit Digital is not alone. Companies like BTCS or GameSquare have also announced pro-Ethereum initiatives. This could signal a broader rotation of crypto treasuries towards ETH in the coming months.
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🧠 Conclusion
Bit Digital is all in on the future of Ethereum — and for now, it's paying off 📈. This strategy could inspire other companies to follow suit… or provoke a new crypto war between BTC maximalists and pro-ETH 🥊.
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📚 Sources: BeInCrypto.com
