Bit Digital converts treasury reserves to Ethereum after $172 million private placement

Bit Digital, a cryptocurrency mining company, recently converted its treasury reserves into Ethereum. This move comes after the company raised $172 million in a private placement. The decision to switch to Ethereum is seen as a strategic move to diversify the company’s holdings and potentially increase its value.

Read more at Investing.com: Bit Digital converts treasury to ethereum after $172 million raise