Bitcoin Digital to join the Ethereum Treasury cart star-news.press/wp

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• Bit Digital has replaced 280 BTC along with ETH $ 172 million to increase treasury reserves to more than 100,000 ETH. This, after R.The CEO of the company claimed that Ethereum would rewrite the financial system.

Bit Digital 280 has been thrown Bitcoin (BTC) Book and go everything ETHEREUM (ETH).

in statement On July 7, the company said it raised $ 172 million and collided with the treasury in ETH to 100,603 ETH. during CNBC modern interviewThe CEO of the company, Samir Tabar, said,

“We got out of the profitable BTC mining, sold all BTC and we poured everything in Ethereum. We just started.”

When asked about the motive behind the swap, Tabar Add Ethereum has “the ability to rewrite the entire financial system.” Continue his saying,

“Ethereum is the only Blockchain Blue Stock Chip that can win traditional realistic assets in the world. There is no best second.”

ETH Treasury

Before throwing BTC and raising the capital, Bit Digital 24,434 had only from the first quarter of 2025. They simply got nearly 80,000 encryption during the past three months.

The company is now the second company that focuses on bitcoin mining to jump to the ETH cabinet.

On June 30, bite techniques Declare An increase of $ 250 million for the CIO TOM Lee TOMSTTRAT CIO TOMSTRAT.

Now, the total ETH stacked by public companies and web3 entities reached $ 3.3 billion. In particular, public companies control 313.8 kb or 24 % of the total strategic ETH reserves.

In fact, Bit Digital ascended to the top ten places Treasury companies in ETH List after the last purchase and can soon be a Coinbase (137.3K ETH) competition for fourth place.

Source: Cheese

After the update, the Bit Digital’s Stock, BTBT was pumped at 19 % from $ 3.25 to $ 3.86. In fact, the stock increased by more than 80 % on recovery plans since its lowest level in June.

Interestingly, throughout the same period, ETH has increased by more than 22 % – a sign that BTBT investors have achieved revenue more than four times nearly four times from ETH holders.

Source: BTBT price performance (TradingView)

At the time of writing this report, the ETH value was worth $ 2.57,000. However, compared to Bitcoin, Altcoin has outperformed the largest cryptocurrency in the world by 10 % in the last two weeks alone.

If the ETH/BTC ratio defends the range and progress to 0.025, the ETH can extend the outstanding performance in the short term.

Source: ETH/BTC ratio, Tradingview