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.