🚨 Bit Digital has raised $162.9 million $XRP $WCT $SOL to build an Ethereum portfolio - and is exiting Bitcoin mining! 🔁💥
$BTC $ETH $BNB
In a bold strategic move, Bit Digital has officially exited Bitcoin mining and is fully investing in Ethereum.
🔹 Raised $162.9 million through a public stock offering
🔹 Already owns 24,434 Ethereum (approximately $59.8 million)
🔹 Plans to convert 417.6 Bitcoin (approximately $44.9 million) into more Ethereum
Significance:
✅ A signal of growing institutional confidence in Ethereum
✅ Ethereum has become a financial asset - not just a layer of smart contracts
✅ May inspire more companies to transition from mining to holding
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