Bit Digital (BTBT) has historically mined Bitcoin. Now the company is pivoting hard in a new direction. The company is now pivoting to become a long-term dedicated Ethereum staking and treasury operation. This change goes beyond the original creation of PE. This decision includes a full withdrawal from the Bitcoin...
The crypto world sure loves a good plot twist, now don’t they? Just when you think you have Bitcoin figured out, a major player like Bit Digital throws a curveball, ditching its mining rigs for Ethereum staking. Intended genius-level chess move or unintended bumbling desperate gamble. Let's dissect this, shall...
Okay, fam, let's be real. Meanwhile, Bitcoin’s been the responsible adult at the party, keeping to himself in the corner with the institutional investors. But let's be honest, we want the after-party, the one where the music's loud, the drinks are flowing, and the profits are... well, let's just say...
As a result, Bit Digital’s share price fell by 3.83% after the market close, ending the after-hours trade at $2.26. This change came on the heels of the company’s recent purchase of an industrial building in Madison, North Carolina, for $53 million. During this time, SharpLink Gaming has established itself...
Bit Digital (BTBT), a New York-based firm, is making a significant move in the cryptocurrency world by shifting its focus from Bitcoin mining to Ethereum staking and treasury operations. This decision marks an end to the Bitcoin mining enterprise altogether. Now, the company is pivoting its assets and capital to...
Solana might be the next major cryptocurrency to be on boarded into a U.S.-listed exchange-traded fund (ETF), expected to debut this summer. Asset managers Invesco and Galaxy Digital have now made the official filing needed to launch the Invesco Galaxy Solana ETF. Unlike other filings, the proposed ETF would incorporate...
The bigger question isn’t if but when the first Solana ETF will be approved — and perhaps more importantly, what comes next. We’ve lived through the Bitcoin ETF mania, the later price explosion (and correction), and the buzz in the broader market. Solana is different, though. It’s no longer all...
The cryptocurrency market is buzzing with excitement as mainstream financial institutions continue to look for ways to get a piece of the altcoin action. There’s a very exciting development on the horizon — the possible introduction of a Solana ETF. Invesco and Galaxy Digital are breaking new ground with this...
For first-timers and cryptocurrency enthusiasts alike, “HODL” means something greater than a simple, silly misspelling. It’s more than just a phrase – it represents a strong philosophy. It marks a new commitment of sorts, one that suggests a willingness to hold long-term crypto assets despite market fluctuations. This approach takes...
Bit Digital (BTBT) announced Wednesday it is changing its business strategy to focus solely on ether (ETH) staking and treasury operations. Through the sale of its bitcoin mining business to the New York-based firm. To fund its growing ETH strategy, it will repurpose its assets and capital into that strategy.Naturally,...
