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Bit Digital Targets $67.3M Funding to Supercharge Ethereum Treasury Strategy
Bit Digital Targets $67.3M Funding to Supercharge Ethereum Treasury Strategy
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Another day, another crypto firm betting the farm on ETH. Bit Digital’s latest play? A $67.3 million raise to double down on Ethereum—because nothing says 'trust the process' like dumping millions into an asset that’s already up 300% this year.
Why Ethereum? Ask the CFO—or just follow the herd. The move signals a deepening pivot away from Bitcoin maximalism, as institutions chase yield in DeFi’s favorite playground.
Risky? Sure. But when has that ever stopped a crypto firm from chasing hype? One thing’s certain: if this moons, the board gets bonuses. If it tanks? Well, there’s always the next narrative.
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