Bit Digital has officially gone all-in on Ethereum.

They’ve raised $172 million, sold around 280 $BTC

BTC

70,881.6

-7.31%

, and now hold 100,603 $ETH

ETH

2,103.64

-7.47%

— valued at over $250 million.

This move positions them among the largest publicly listed Ethereum holders.

Could this mark the beginning of a new institutional era for $ETH?