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Traditional institutions have started voting with real money. Bit Digital’s move to add more ETH reflects their confidence in the outlook ahead—after all, nobody wants to take over at a high price; lowering the average cost is the proper thing to do.
After this transaction, its total Ethereum holdings increased to approximately 158,461.75 ETH.
The company stated that this additional purchase helps to lower the average holding cost and supports growth in net asset value per share.