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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin Miner Bit Digital Dumped All Its BTC For ETH—And Isn't Looking Back

Cyrptocurrency,Bitcoin,Coin

Bit Digital (NASDAQ:BTBT) has made a decisive pivot away from Bitcoin (CRYPTO: BTC), converting its entire treasury to Ethereum and accumulating roughly 100,000 ETH on its balance sheet.

What Happened: Speaking to CNBC on Monday, CEO Sam Tabar described Ethereum as "alive," "institutional," and "the only blockchain capable of rewriting the financial system."

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