Implications of Bit Digital's 1 billion $ funding for eth purchases....are they looking at something that others aren't?

So Bit Digital just made some pretty big moves that I think people are sleeping on. Here's what happened: They're calling a shareholder meeting in September to triple their authorized share capital from 340 million to 1 billion shares specifically to buy more Ethereum. This marks a full shift from Bitcoin to Ethereum as its treasury asset, and the company plans to continue expanding its ETH holdings aggressively

What could this mean for eth trading?

This is serious institutional demand. We're talking about a publicly traded company with potential access to $1 billion in funding that's betting everything on Ethereum. They now operate one of the largest institutional Ethereum staking infrastructures globally. When institutions go this hard into an asset, it usually signals they see something big coming.

Unlike just buying nd holding, they are staking their holdings, which removes supply from circulation while generating yield. These corporate events can feed into ETH trading activity. Companies holding ETH might attract capital away from btc heavy firms. That shift could shift narrative and sentiment toward Ethereum rather than Bitcoin.

The fact that they completely abandoned Bitcoin mining for this play tells me they're extremely confident about Ethereum's future. Companies don't make moves this dramatic unless they have strong conviction.

Anyone else tracking institutional ETH accumulation? This seems like it could be one of those moves that looks obvious in hindsight but most people are ignoring right now.