Bit Digital has officially gone all-in on Ethereum.

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

BTC

93,868.28

+0.78%

, and now hold 100,603 $ETH

ETH

3,239.4

+1.81%

— 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?