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Ethereum Gains Traction as Bit Digital Converts Treasury, CoreWeave Acquires Core Scientific for $9 Billion
ByAinvest
Wednesday, Aug 20, 2025 4:28 pm ET1min read
Bit Digital has converted its treasury to Ethereum, while CoreWeave has acquired Core Scientific for $9 billion, indicating growing institutional confidence in Ethereum. These moves may impact the cryptocurrency landscape and market sentiment, with potential price appreciation and increased interest in Ethereum. Historical precedents suggest that such acquisitions can elevate infrastructure capabilities and refocus institutional strategies.
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