Bit Digital soars 30% after moving entire treasury to Ethereum, becomes top public ETH holder

5 hours ago 1
Ethereum coins stacked on a reflective surface with a trading chart in the background

Alvaro Fernandez Echeverria

  • Shares of Bit Digital (NASDAQ:BTBT) rose 30% on Monday, after the company announced the completion of its transition to an Ethereum (ETH-USD) treasury strategy.
  • Following a $172 million public equity raise and conversion of its balance sheet from Bitcoin (

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