{"id":35738,"date":"2025-07-08T14:01:37","date_gmt":"2025-07-08T14:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35738"},"modified":"2025-07-08T14:01:37","modified_gmt":"2025-07-08T14:01:37","slug":"bitcoin-miner-bit-digital-dumped-all-its-btc-for-eth-and-isnt-looking-back","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35738","title":{"rendered":"Bitcoin Miner Bit Digital Dumped All Its BTC For ETH\u2014And Isn&#8217;t Looking Back"},"content":{"rendered":"<div>\n<p><strong>Bit Digital<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BTBT#NASDAQ\">BTBT<\/a>) has made a decisive pivot away from <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), converting its entire treasury to Ethereum and accumulating roughly 100,000 ETH <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/07\/46202593\/bitmine-bmnr-stock-soars-as-it-pivots-to-ethereum-treasury-appoints-tom-lee-chairman\">on its balance sheet.<\/a><\/p>\n<p><strong>What Happened: <\/strong>Speaking to CNBC on Monday, CEO <strong>Sam Tabar <\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=1zGjJGzm8qM\">described <\/a>Ethereum as &#8220;alive,&#8221; &#8220;institutional,&#8221; and &#8220;the only blockchain capable of rewriting the financial system.&#8221;<\/p>\n<p>&#8220;We sold a profitable business\u2014we exited Bitcoin mining,&#8221; Tabar said. &#8220;We took the cash on our balance sheet, sold all our Bitcoin, and did this raise. I actually personally participated in that raise myself with my own savings, and we poured that all into Ethereum.&#8221;<\/p>\n<p>With $172 million in capital raised and over 417 Bitcoin liquidated, the firm has now fully embraced an <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>)-only treasury strategy. <\/p>\n<p>According to Tabar, this isn&#8217;t just about asset exposure\u2014it&#8217;s about investing in a programmable economic engine.<\/p>\n<p>&#8220;Ethereum represents that next wave,&#8221; Tabar &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46296234\/bitcoin-miner-bit-digital-dumped-all-its-btc-for-eth-and-isnt-looking-back\" alt=\"Bitcoin\" miner bit digital dumped all its btc for eth isn looking back>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bit Digital (NASDAQ:BTBT) has made a decisive pivot away from Bitcoin (CRYPTO: BTC), converting its entire treasury to Ethereum and accumulating roughly 100,000 ETH on its balance sheet. What Happened: Speaking to CNBC on Monday, CEO Sam Tabar described Ethereum as &#8220;alive,&#8221; &#8220;institutional,&#8221; and &#8220;the only blockchain capable of rewriting the financial system.&#8221; &#8220;We sold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35738","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35738"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35738\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}