Bit Digital CEO: Increased ETH Position; I Have a Fiduciary Duty to Make Smart Capital Allocation Decisions for Clients

Nasdaq-listed company Bit Digital CEO Sam Tabar stated on X that he has purchased more ETH.

Sam Tabar explained: "Many people look at ETH's price performance over the past two years and conclude it's finished. But I believe they are looking for the wrong catalyst. The repricing of ETH was never meant to be built on retail narratives. For an asset backed by such a massive infrastructure, that kind of narrative is simply too fragile. The real catalyst is institutional demand. And the pace of institutional demand never follows the sentiment on social media. It only materializes when compliance frameworks are ready, custody systems are established, and the regulatory environment is stable enough for a CFO to give the green light. And that moment is closer than what market prices reflect."

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