B
BTC $124,406 ↑ 0.2%
E
ETH $4,693 ↑ 2.7%
B
BNB $1,282 ↑ 5.3%
X
XRP $2.98 ↓ 0.4%
U
USDT $1.00 ↑ 0%
S
SOL $231.29 ↓ 0.7%
U
USDC $1.00 ↑ 0%
S
STETH $4,689 ↑ 2.7%
D
DOGE $0.26 ↑ 1.2%
T
TRX $0.34 ↑ 0.1%
A
ADA $0.86 ↑ 0.9%
W
WSTETH $5,702 ↑ 2.7%
B
BTC $124,406 ↑ 0.2%
E
ETH $4,693 ↑ 2.7%
B
BNB $1,282 ↑ 5.3%
X
XRP $2.98 ↓ 0.4%
U
USDT $1.00 ↑ 0%
S
SOL $231.29 ↓ 0.7%
U
USDC $1.00 ↑ 0%
S
STETH $4,689 ↑ 2.7%
D
DOGE $0.26 ↑ 1.2%
T
TRX $0.34 ↑ 0.1%
A
ADA $0.86 ↑ 0.9%
W
WSTETH $5,702 ↑ 2.7%

Bit Digital Shifts to Ethereum, Stock Dips 4%

Bit Digital’s stock (BTBT) fell nearly 4% after the crypto mining firm announced a strategic pivot: it will exit Bitcoin mining and convert its BTC holdings to Ethereum (ETH). The company aims to become a “pure play Ethereum staking and treasury company,” also planning to sell more of its own stock to fund additional ETH purchases. This shift marks a significant change for the firm, which held 24,434.2 ETH and 417.6 BTC as of March 31.

Sign Up to Our Newsletter

Be the first to know the latest updates