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Bit Digital Raises $162.9 Million for Ethereum Treasury, Plans Bitcoin Swap

  • Bit Digital raised $162.9M to purchase more Ethereum and plans to swap 417.6 BTC for ETH.
  • Ethereum staking offsets operational costs, making it more appealing for long-term financial gains.
  • Analysts warn of potential risks from holding Bitcoin and Ethereum simultaneously.
  • The firm aims to leverage corporate appetite for yield-bearing crypto assets and monitor market signals for future decisions.

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