Institutional FOMO Hits Ethereum: Bit Digital Secures $162.9M War Chest to Double Down on ETH
Wall Street's crypto cravings just got a fresh hit of adrenaline. Bit Digital's nine-figure ETH shopping spree signals institutions are done dipping toes—they're diving in headfirst.
The smart money pivot
While traditional finance bros still debate proof-of-stake, crypto-native firms are quietly building positions. $162.9 million doesn't scream 'speculative bubble'—it whispers 'strategic allocation' in hedge fund lingo.
Ethereum's institutional glow-up
The network once dismissed as 'ultrasound money' by Bitcoin maxis now commands serious balance sheet real estate. Funny how eight-figure checks make vaporware arguments disappear.
The cynical take
Nothing cures institutional skepticism like FOMO and a bull market. Just don't ask about their 'blockchain not crypto' phase from three quarterly reports ago.
