The price of Ethereum today is 2,460 USD, down 1% in the last 24 hours as buying pressure eases. A successful recovery above the 2,500 USD mark is crucial for preventing a bearish flag pattern.
Bit Digital, a Nasdaq-listed Bitcoin miner, has announced it will pivot toward Ethereum staking and treasury operations. The company is reallocating profits from Bitcoin mining to enhance its Ethereum holdings and staking infrastructure, building its ETH position since 2022.
As of March 31, Bit Digital holds 24,434.2 ETH and 417.6 BTC, reflecting a broader trend among crypto firms favoring treasury models that provide exposure to Ethereum.
Leave a Reply