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Bitcoin Miner Shifts to Ethereum Reserves—Declares ETH ’The New Digital Gold’ in Bold Pivot

Bitcoin Miner Shifts to Ethereum Reserves—Declares ETH ’The New Digital Gold’ in Bold Pivot

Author:
CoindeskEN
Published:
2025-07-12 16:48:14
5
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Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’

Another heavyweight from Bitcoin's mining arena is flipping the script—diverting reserves into Ethereum and anointing ETH as crypto's true store of value. The move signals a tectonic shift in institutional crypto strategy.

Why the sudden faith in ETH? Insiders point to Ethereum's deflationary mechanics post-merge and its sprawling DeFi ecosystem—qualities that allegedly outshine even Bitcoin's 'digital gold' narrative. Traders are calling it either visionary or heresy, depending on which maximalist camp they're in.

Meanwhile, Wall Street analysts—busy downgrading their third coffee of the morning—mutter about 'speculative rotation' while quietly updating their own exposure reports. The irony? This same crowd dismissed ETH as 'just gas money' back in 2020.

One thing's clear: when miners start voting with their wallets, the market listens. Whether this accelerates Ethereum's dominance or sparks a Bitcoin counter-rally remains the billion-dollar question. Place your bets.

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