Bit Digital Makes Waves at MYRIAD Tides
The post Bit Digital Makes Waves at MYRIAD Tides appeared on BitcoinEthereumNews.com.
Bitcoin mining firm and Ethereum staking provider Bit Digital joined Rug Radio and Decrypt at the MYRIAD Tides event in Singapore. Hosted at KOMA Singapore on September 18, the event saw guests enjoying sushi, free flowing drinks and incredible performances as Rug Radio and Decrypt celebrated the launch of MYRIAD, a prediction market and engagement ecosystem that aims to fundamentally change the way people engage with digital media. Introducing Myriad Tides presented by @Auros_global! Join us in Singapore on September 18th for an evening of sushi, free flowing drinks and incredible performances! Brought to you by Auros, Rug Radio, Myriad and Decrypt in partnership with Arbitrum, Beatport, Aethir, IVC, Bit… pic.twitter.com/aH2RghDROE — Rug Radio (@RugRadio) September 10, 2024 The ‘MicroStrategy of Ethereum’ Earlier this year, Bit Digital used its profits from mining Bitcoin to acquire over $100 million in Ethereum, with the goal of becoming the “MicroStrategy of Ethereum,” according to the firm’s CEO Sam Tabar. “We are providing a unique solution to the capital markets that wish to have exposure to Ethereum without buying the underlying asset, whilst at the same time offering staking economics,” Tabar told Decrypt. “We are securitizing Ethereum for people who want to buy it in that format. To my knowledge, no one else is doing this,” he said, adding that Bit Digital is “uniquely positioned” to offer this service. $BTBT August 2024 Production Update 🟢 HPC/AI revenue: $4.3 million🟢 Bitcoin mined: 53.4🟢 Active hash rate: 2.43 EH/s🟢 BTC treasury holdings: 682.4 ($40.2m)🟢 ETH treasury holdings: 27,331.0 ($68.7m)🟢 Total liquidity: $216.5 million 🔗 Read the full report:… pic.twitter.com/P30vXq16Cy — Bit Digital, Inc. NASDAQ:BTBT (@BitDigital_BTBT) September 5, 2024 As Bit Digital is a public company, its holdings are public information, Tabar said, and with around 21,568 ETH actively staked in August, earning 56.6 ETH in aggregated…
Filed under: News - @ September 18, 2024 11:27 pm