Bit Digital is undergoing a strategic shift in its business model, focusing on building a robust and predictable revenue stream through long-term Ethereum staking. This move has led to significant growth in both their ETH holdings and revenue generation. 💰 The company is now accumulating ETH as an integral part of its treasury, instead of treating it like a constantly shifting inventory for quick profit. 📈 This change is reflected in their Q3 financial results which show a whopping 33% increase in revenue compared to the same period last year. 📈 🤯 As a result of this strategy, their ETH holdings have skyrocketed from 30,663 in June to 153,547 by October, generating approximately $590.5 million in value. This shift is part of a broader effort to move away from the volatile nature of mining to a more stable and predictable approach centered around ETH-based staking yields, which are now becoming their primary revenue driver.