<ul data-eligibleForWebStory="false"><li>Bit Digital completed its shift to an Ethereum-based treasury strategy, leading to a 26% surge in its stock price.</li><li>The company used proceeds from a $172 million equity raise and bitcoin sale to acquire over 100,000 ETH worth nearly $189.2 million, making it one of the largest public corporate holders of ETH.</li><li>Bit Digital aims to leverage Ethereum’s staking yield model for passive income, citing Ethereum's strong fundamentals and long-term viability compared to Bitcoin mining.</li><li>The shift from Bitcoin to Ethereum, increased ETH holdings, and BTBT stock surge reflect a broader trend in the industry of crypto companies diversifying into Ethereum-based treasury models amid reduced BTC mining profitability.</li></ul>

Bit Digital Shifts to Ethereum Treasury From Bitcoin: BTBT Surges Surges 26%

Discover more