📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Controversial Move from a Listed Company on Nasdaq: Dumped All Its Bitcoin and Bought Ethereum Instead! Here is the Purchase Amount
Crypto mining and digital asset services provider Bit Digital made a striking move by converting its entire treasury strategy into Ethereum.
The company, in addition to the revenue obtained from its public offering of approximately 172 million dollars, sold its holdings of approximately 28 million dollars worth of Bitcoin (BTC) to purchase a total of 192.9 million dollars worth of Ethereum (ETH). With these purchases, Bit Digital's ETH assets reached 254.8 million dollars.
According to the company's press release, Bit Digital held 24,434 ETH as of March 31, 2025. This amount was increased to 100,603 ETH following the revenue generated from the IPO and the sale of BTC. With this development, Bit Digital has become one of the largest Ethereum portfolios among publicly traded companies.
Bit Digital CEO Sam Tabar explained their transition strategies to Ethereum with the following words:
Tabar also stated that they will aggressively purchase more ETH in this new strategy, which they started with over 100,000 ETH, saying, "We aim to become the world's largest ETH asset company."