Bit Digital has officially gone all-in on Ethereum.

They’ve raised $172 million, sold around 280 $BTC

BTC

71,277.38

-3.44%

, and now hold 100,603 $ETH

ETH

1,999.85

-0.44%

— valued at over $250 million.

This move positions them among the largest publicly listed Ethereum holders.

Could this mark the beginning of a new institutional era for $ETH?