Bit Digital CEO: Increased holdings in ETH, I have the responsibility to make smart capital allocation decisions for clients

Bit Digital, a Nasdaq-listed company, CEO Sam Tabar posted on X that he has bought more ETH.

Sam Tabar explained, "Many people, after seeing ETH's price performance over the past two years, concluded that it is finished. But I believe they have identified the wrong catalyst. The repricing of ETH should never have been based on retail narratives. For an asset supported by such a vast infrastructure, that narrative is inherently too fragile. The real catalyst is institutional demand. And the rhythm of institutional demand never operates according to the emotions on social media. It only occurs when conditions are ripe, such as when the compliance framework is ready, the custody system is established, and the regulatory environment is stable enough for CFOs to sign off. That moment is actually closer than what the market price reflects."

He added, "I hold ETH because I have a fiduciary obligation to make smart capital allocation decisions. And based on the price at which I bought, ETH meets that standard."