Bit Digital, once focused solely on Bitcoin mining, has seen its stock price decline after announcing a $150 million stock sale. The company plans to pivot towards Ethereum staking, a decision that surprised many investors. This strategic shift raises questions about Bit Digital’s future direction and focus in the rapidly changing cryptocurrency landscape. Investors will need to assess how this transition will impact the company’s performance in both the Bitcoin and Ethereum arenas. The decision reflects the broader trend of diversifying digital asset portfolios by mining firms.