Key Notes

Bit Digital's $150 million financing round attracted Kraken Financial, Jump Trading Credit, and Jane Street Capital.

Short traders faced $21 million in liquidations as Ethereum rebounded above $4,500 following a brief correction to $4,432.

The company's mNAV stands at $3.84 per share with conversion price at 8.2% premium reflecting investor confidence.

Bit Digital, a publicly traded firm focused on Ethereum ETH $4 535 24h volatility: 1.5% Market cap: $546.95 B Vol. 24h: $39.80 B treasury and staking, has announced another major purchase, while derivatives short-traders were caught off guard with $21 million in short contracts liquidated as Ethereum price rebounded above $4,500 on October 8.

According to Bit Digital’s announcement on October 8

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