Bit Digital (BTBT) Shifts Treasury to ETH as part of Ether Staking Strategy

Digital bit (BTBT) is now the owner of more than 100,000 ether

After replacing his bitcoin stack along with an increase in capital of $ 172 million for even more the second largest crypt in the world.

From holding 24,434 ETH at the end of March, Digital bit now has approximately 100 603 ETH (189.2 million USD) make him one of the largest holders of the corporate ETH, The company stated on Monday.

Bit Digital revealed its plans to focus only on standing ETH last month, in motion that was not completely unexpected due to the more demanding environment that the bitcoin miners have Experience from last year’s half.

Ether betting is an ETH processing process to help secure the network in return for rewards. Stakers confirm transactions and create new blocks to obtain passive income.

The Quadrennial event sees the reward for adding new Bitcoin network blocks reduced by 50%, which significantly bites miners, regardless of the rally included in the BTC.

BTBT shares were 26% higher on Monday to $ 3.71. Shortly thereafter traded around $ 2 Notification at the end of June Ether focus.