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Benzinga
Benzinga
Business
Henry Khederian

Bit Digital (BTBT) Goes All-In On Ethereum, Sells All Bitcoin: What's Going On?

Bit Digital ETH BTBT Ethereum Bitcoin
Piles,Of,Golden,Bitcoin,Coin.,Popular,Digital,Currency.,Cryptocurrency,Created,

Bit Digital Inc (NASDAQ:BTBT) shares are trading higher Monday morning after the company announced it shifted its corporate treasury strategy to focus solely on Ethereum (CRYPTO: ETH). Here’s what investors need to know.

What To Know: In a strategic pivot, the firm liquidated its Bitcoin (CRYPTO: BTC) holdings and leveraged a recent capital raise to accumulate Ethereum, signaling strong conviction in the blockchain’s future.

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