US Bit Digital "Sold Held Bitcoin to Purchase Ethereum"

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Summary

Bit Digital announced that it sold its held Bitcoin and bought Ethereum.
Bit Digital emphasized that Ethereum is an asset capable of restructuring the global financial system.
The company said it intends to focus on further accumulation and staking of Ethereum in the future.

Nasdaq-listed Bit Digital has sold its held Bitcoin (BTC) and purchased Ethereum (ETH).

On the 7th (local time), Bit Digital announced on its official X (formerly Twitter), "Ethereum is an asset that can restructure the global financial system," adding, "We sold 280BTC from our holdings and bought Ethereum." The company further stated, "We will continue to aggressively acquire additional Ethereum going forward." Currently, Bit Digital holds 106,003ETH.

Previously, Bit Digital announced that it would scale down its Bitcoin mining business and transition into a company focusing on Ethereum staking and accumulation.

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