Bit Digital’s treasury shift is motivated by its confidence in Ethereum’s programmable blockchain, staking incentives and growing role in asset tokenisation

Quotes that support claims

Bit Digital CEO Sam Tabar said the company is “aligning itself with Ethereum’s long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets

The pivot is incentivized by Ethereum’s programmable blockchain design, growing adoption, and staking model, Bit Digital CEO Sam Tabar remarked on Monday.

Bit Digital revealed its plans to focus solely on ETH staking last month, in a move that wasn't entirely unexpected given the more challenging environment bitcoin miners have experienced since last year's halving.