Bit Digital is among a small group of publicly traded companies adopting Ethereum-focused treasury strategies, diverging from the dominant Bitcoin-centered approach favored by most corporate crypto treasuries

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Corporate crypto treasury strategies have gained momentum this year, though most activity has centered on accumulating and holding Bitcoin.

The company joins Minnesota-based SharpLink and Texas-based BitMine Immersion in adopting an ether-centric treasury strategy, diverging from the bitcoin-heavy approach popularized by BTC-maxi Michael Saylor's Strategy.