Bit Digital has officially gone all-in on Ethereum.

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

BTC

68,927.4

-1.32%

, and now hold 100,603 $ETH

ETH

1,996.91

-4.25%

— 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?