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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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