Bit Digital just did something wild:
They dumped their entire Bitcoin holdings and went full ETH — staking and asset management only.
Their stock? 🚀 Shot up 30% in a day, market cap hit $1B.

This isn’t just a rebalance. It’s a full-on identity shift.
From mining PoW to embracing Ethereum’s PoS + yield.
Feels like they’re trying to escape the "high energy + low margin" trap of BTC mining and pivot to a more scalable, sustainable model.

But the timing is… curious.
Why now? ETH price isn’t exactly flying. BTC ETFs are booming.
Is this conviction in Ethereum’s future—or a hedge against BTC’s rising sell pressure as miner margins tighten?

Also makes you wonder…
Will other miners follow? Or is this just Bit Digital waving a white flag?