Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Real-World Assets
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Overall NFT Stats
Upcoming Sales
Market Overview
Spot Market
Derivatives Market
No. of Cryptocurrencies
Bitcoin Treasuries
BNB Treasuries
Fear and Greed Index
Altcoin Season Index
Market Cycle Indicators
Bitcoin Dominance
CoinMarketCap 20 Index
CoinMarketCap 100 Index
Crypto ETFs
Bitcoin ETFs
Ethereum ETFs
RSI
MACD
Signals
Trending
New
Gainers
Meme Explorer
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Launch
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
News
Academy
Research
Videos
Glossary
Bit Digital Abandons Bitcoin Mining To Become Pure-Play 
$ETH Company
Crypto miner Bit Digital (BTBT) has announced a strategic shift to become a "pure-play" $ETH staking and treasury company.
The publicly traded firm will wind down all Bitcoin mining operations and redeploy proceeds into $ETH purchases.
Bit Digital currently holds 24,434.2 $ETH valued at $44.6 million, and 417.6 
$BTC worth $34.5 million.
The company plans to convert its Bitcoin holdings into Ethereum "over time" as part of the strategic transition.
According to a statement, Bit Digital has operated "one of the largest institutional $ETH staking infrastructures globally" since beginning accumulation in 2022.
The firm announced a public stock offering to fund additional $ETH purchases alongside spinning out its HPC subsidiary WhiteFiber.
$BTBT shares closed down 3.7% and fell another 6% in after-hours trading following the announcement.
The move follows a trend of firms launching crypto treasury strategies offering leveraged exposure to digital assets like $ETH.
