Bit Digital (BTBT) is now owner of more than 100,000 ether
After replacing its Bitcoin stack along with a $ 172 million capital increase for even more of the world’s second largest crypto.
From a stock of 24,434 ETH at the end of MarchAt Bit Digital now has about 100,603 ETH ($ 189.2 million) Make it one of the biggest company ETH holders, the company said on Monday.
Bit Digital revealed its plans to focus solely on ETH stack last month, in a step that was not completely unexpected considering the more challenging environment that Bitcoin Miners has experienced since last year’s halving.
Ether efforts are the process of locking an ETH to help secure the network in return for rewards. Stackers validate transactions and create new blocks to earn a passive income.
The square halving event sees the reward for adding new blocks Bitcoin network reduced by 50%, taking a significant bite out of the miners’ revenue stream, despite a rally in BTC’s price.
BTBT shares were higher with 26% Monday to $ 3.71. They traded at about $ 2 shortly after the late June message about Ether Focus.
