INSUBCONTINENT EXCLUSIVE:
Former Bitcoin mining firm Bit Digital fell sharply this week, with its share price tumbling almost 19% over the five-day period to close at
and a strategic pivot to Ether staking
to issue the 75 million ordinary shares at $2 each
to ditch Bitcoin (BTC) for ETH
It plans to liquidate its Bitcoin holdings to purchase more ETH
As of March 31, Bit Digital held 24,434 ETH and 417 BTC, valued at around $44.6 million and $34.5 million, respectively.When it converts all
firm Bit Digital reports revenues up nearly 40%Bit Digital stock dips 19% in five daysInvestors have reacted unfavorably to the shift
declined by nearly 19%, going from a high of $2.40 to a low of $1.86 on Friday
However, since its ETH pivot, CompaniesMarketCap shows a drop to the 13th spot
