Bit Digital (Nasdaq: BTBT) raised 162.9 million USD from the issuance of 86.25 million shares, used to buy Ethereum ($ETH ) and convert 417.6 $BTC (~44.9 million USD) to ETH. The company, focusing on staking and Ethereum treasury since 2022, currently owns 24,434 ETH (~59.8 million USD) and operates large-scale staking infrastructure. #BitDigital stopped mining Bitcoin, completely shifting to ETH, following the trend of BitMine (which raised 250 million USD for ETH). Following the announcement, BTBT shares rose by 4%, with a market capitalization of 655 million USD. This move reinforces the role of Ethereum in finance, boosting DeFi and blockchain.

Risk warning: Information is for reference only and is not investment advice.

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