Bit Digital, once known for its role as a Bitcoin mining company, is undergoing a major strategic transformation. This week, the company made its withdrawal from Bitcoin mining official, announcing its pivot towards Ethereum staking. With this move, the debate shifts to whether that was a strategic masterstroke or a...
Bit Digital at one point was the 12th-largest Bitcoin mining company by market capitalization. Now, it has just announced a new, audacious strategy to make the leap to Ethereum. The company’s prospectus filed with the U.S. Securities and Exchange Commission (SEC) indicates they’re now poised to bring staking features to...
As of June 19, institutional strategic reserves peaked at 1.190 million ETH. This pivot marks a deepening corporate strategy shift away from crypto. Crypto.news was the first to report these holdings. Together they account for more than 1% of the total Ethereum supply and are worth almost $3 billion today....
Okay, let's be real. When I first saw Bit Digital, after establishing a wholesale Bitcoin mining operation, decide to abandon Bitcoin altogether, my jaw dropped. The stock price immediately dropped through the floor, and the entire internet began to cackle “I knew that would fail!” Here's the thing: I think...
Bit Digital, a New York-based crypto mining firm, is rattling the digital currency ecosystem. They’re doing this in a big way, though, by completely shifting their business model from Bitcoin mining to Ethereum staking and treasury management. This strategic pivot raises important questions about the associated risks and rewards. The...
Ethereum, the second-largest cryptocurrency by market capitalization, has seen its price drop in a significant way, falling under $2,400. This has sparked considerable debate among investors and analysts: Is this a temporary setback, a buying opportunity, or a sign of a more significant downturn? Knowing the reasons behind this price...
Okay, let's talk Ethereum. You're seeing red, right? The price dipped below $2,400. Everyone's panicking. What if I told you this is precisely what you’ve been looking for to get started. This is not a crash, this is a fire sale. Think of it like this: Black Friday for crypto,...
Ethereum also recently passed the major milestone of having 35 million ETH staked, worth about $140 billion. This 3,400% spike in staking activity since mid-2021 is a clear signal of investor confidence. The added staking coincides with the crypto project anticipating a watershed decision on its ETF.At the time of...
Bit Digital’s all-in Ethereum strategy may struck some incredulous, and to be frank, it should’ve. Are they true visionary pioneers or just deluded deer dazzled by the sparkling promise of staking rewards? Let’s unpack this major move. It’s more than a business decision, it’s a signal for the entire crypto...
Let's cut to the chase. Is Bit Digital dropping Bitcoin mining for a complete Ethereum takeover? That's not just smart, it's practically visionary. And here’s why it should have you as equally excited.Power to The Community!This isn't just about swapping one crypto for another, it's about aligning with a philosophy....
