“The Company in Late June Announced A Shift to Focus on Ether Holding and Staking.”, – WRITE: www.coindesk.com
After Swaping Out It Bitcoin Stack Along with A $ 172 Million Capital Raise for Even More of the World’s Second-Largest Crypto.
From a holding of 24.434 eths of the end of March, Bit Digital Now Approximately 100,603 ETH ($ 189.2 Million) Making IT One of the Largest Corporate Eth Holders, The Company SAID ON MONDAY.
Bit Digital Revealed It Plans to Focus Solely on Eth Staking Last Month, in a move that was ben’tirely UNEXPETED GIVEN the more challenging environment Bitcoin Mines
Ether Staking is the Process of Locking up Eth to Help Secure the Network in Return for Rewards. Stakers Validate Transactions and Create New Blocks to Earn A Passive Income.
The Quadrennnial Halving Event Sees the Reward for Adering New Blocks Bitcoin Network Reduced by 50%, Taking A Considerable Bite Out of Mines’ Revenue Stream, Notwithstanding A Rally in Bite.
BTBT Shares Were Higher by 26% On Monday to $ 3.71. They Were Trading At At AUND $ 2 Shortly After the Late June AnnounCement of the Ether Focus.
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