Bitcoin mining firm Bit Digital sold 280 BTC to increase its ETH holdings

BlockBeats News, July 7th, Cryptocurrency company Bit Digital has transferred all of its cryptocurrency assets to Ethereum. The company sold 280 Bitcoins and used the proceeds to buy more Ethereum.

Bitcoin mining enterprise Bit Digital posted on social media that the company is fully betting on the long-term value of Ethereum. Bit Digital now holds a total of 100,603 ETH and will continue to actively increase its holdings, aiming to become a global leader in Ethereum asset holding. As a cryptocurrency company focused on Ethereum asset management, it is fully positioning itself in this generation's most influential digital asset—ETH.