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The company's single-quarter ETH stake income experienced a big pump of 542%, sweeping 30,000 Ether in October.

[Coin World] Bit Digital has just released an impressive Q3 report. The Ethereum treasury company's total revenue surged to $305 million, a 33% increase compared to the same period last year. Even more explosive is the ETH staking segment—earning $29 million in a single quarter, soaring by 542% year-on-year, marking a definite business breakthrough.

Looking at the positions is even more exciting: as of the end of October, they held 153,500 ETH, which is roughly $590 million at the time's price. In October alone, they increased their holdings by 31,000, and this buying momentum clearly shows optimism for Ethereum in the long term. Staking returns have more than quintupled, and their holdings continue to increase, which is a typical strategy for traditional enterprises to fully leverage the Web3 dividend.

ETH-0.36%
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TommyTeachervip
· 16h ago
This rhythm, the institutions' sense is truly impressive, with staking returns rising by 542%, it's outrageous. No wonder they swept up more than 30,000 in October.
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