According to @cas_abbe, Bit Digital is making a significant move by raising more than $1 billion through new share issuance, with the intent to use all proceeds to purchase Ethereum (ETH). This large-scale acquisition by a public company highlights growing institutional confidence in ETH and could influence market sentiment, potentially boosting ETH's liquidity and price action. Traders should closely monitor ETH's price movements and volume as institutional accumulation may lead to increased volatility and new trading opportunities. Source: @cas_abbe.

According to Crypto Rover, MicroStrategy is set to issue 5 million more shares to raise capital for the purpose of purchasing additional Bitcoin. This move indicates a strong commitment by MicroStrategy to increase its Bitcoin holdings, potentially impacting Bitcoin's market price positively.