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.
Bit Digital Shifts to Ethereum, Stock Dips 4%
