#DayTradingStrategy
BitDigital Swaps Entire Treasury for EHT $173 Million Corporate Strategy Shift
Bit Digital has converted its complete corporate treasury from a major strategic pivot. $BTC to in ETH
The Nasdaq-listed company now holds over 100.000 ETH after liquidating 280 $BTC worth $30 million..
CEO Sam Tabar cited #Ethereum's programmable blockchain and staking model as key drivers for the switch.
The firm used $173 million from recent equity raises to fund the massive #treasury conversion.
Bit Digital's stock surged 21% to $3.50 following the announcement of its ETH strategy.
The company joins a growing trend of firms adopting Ethereum-focused treasury strategies over $BTC.
Tabar says the firm aims to become "the preeminent ETH holding company in the world" through aggressive accumulation.
leads blockchain-powered real-world assets with over $4.6 billion in tokenized securities
Bernstein analysts anticipate a major wave of equity #tokenization driving institutional ETH adoption