{"content":"🔥 Buying the Dip? Bit Digital Eyes More ETH Amid Market Reset Bitcoin mining infrastructure company Bit Digital is switching to Ethereum. The corporation is selling Bitcoin and investing more in Ethereum. However, fresh equity funding proposals disclosed with the US Securities and Exchange Commission (SEC) show that Bit Digital's migration to ETH is only starting. Since Ethereum is gaining price and institutional backing, the time might be better. SEC Filing Shows ETH Accumulation Plan Starting this month, Bit Digital switched to Ethereum. Bit Digital traded $172 million in 280 BTC for about 100,600 ETH on July 8. On July 18, the business bought 19,683 ETH more, increasing its Ethereum holdings to 120,306 ETH. Bit Digital is now one of the top 10 corporate Ethereum holdings after these acquisitions. Company explanation was disclosed. Bit Digital announced on X that their strategic move is based on macroeconomic trends: “Why Ethereum? Why now? A new monetary age is coming.” The article cited unpredictable interest rates, inflation threats, and declining trust in fiat currency as reasons for switching to Ethereum. On July 25, the business filed an SEC filing requesting shareholder permission to expand its authorized share capital from 340 million to 1 billion ordinary shares. The proposed increase will boost share capital from $3.5 million to $10.1 million without changing preference shares. Bit Digital said in its SEC filing that it wants to get further equity funding shortly to support its Ethereum purchasing development objectives. Since Bit Digital launched its ETH plan, Ethereum's price has risen. ETH has risen 51% since the start of the month, while the ETH/BTC trading pair is up 35%, suggesting the market is shifting toward Ethereum. Sentora (previously IntoTheBlock) reports that US-listed ETH ETFs have received $7.5 billion to $8 billion since July 2. Institutional capital has driven aggregate assets under management (AUM) over original predictions, converting skeptics. #ETHReclaims3800 #BTCvsETH #ETH $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/28/1cf5832bad2242ae96b210bf6924e8f1.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}