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Ethereum Replaces Bitcoin in Nasdaq-Listed Bit Digital’s Treasury Strategy

  • Bit Digital, a Nasdaq-listed company, has shifted its treasury strategy from Bitcoin to Ethereum.
  • The company sold 280 BTC and reinvested the proceeds into Ethereum, raising its total ETH holdings to over 100,000 ETH.
  • Bit Digital's decision was driven by Ethereum's flexibility, staking capabilities, and role in reshaping financial infrastructure.
  • Investors responded positively to the news, leading to a significant increase in Bit Digital's shares, highlighting a broader trend of corporations increasingly focusing on Ethereum in their asset strategies.

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