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Tag: Bit Digital

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Bit Digital Sells Bitcoin for Ethereum, Stock Jumps 18% After Strategic Shift

In Brief Bit Digital has sold its Bitcoin holdings and transitioned its entire treasury to Ethereum, acquiring 100,603 ETH worth $254.8 million. The move reflects the company’s belief in Ethereum’s long-term potential, positioning it as a major ETH holder among public firms. CEO Sam Tabar emphasizes Ethereum’s potential as a key asset for economic activity,…
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