Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH), the company disclosed on Monday.
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Bit Digital shifts treasury strategy with 100K ETH buy; stock surges 29%
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Bit Digital reallocated its entire corporate treasury from Bitcoin to Ethereum, acquiring over 100,000 ETH using proceeds from a $172 million equity raise and Bitcoin sales
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