Nasdaq Firm Bit Digital Dumps Bitcoin, Buys 100K Ethereum

robot
Abstract generation in progress

Story Highlights* Bit Digital sells all Bitcoin, buys 100,603 ETH, aiming for Ethereum treasury dominance.

  • CEO Sam Tabar believes Ethereum's smart contracts and staking make it the stronger choice.
  • Other firms like SharpLink and BitMine also shifting strategies toward Ethereum treasuries.
  • Ethereum price eyes $2,800 if bullish momentum continues, but $2,580 remains key resistance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)