Bit Digital (a NASDAQ-listed company) plans to shift from BTC mining to ETH staking and asset management. There are many factors behind this, but it also represents a choice made by some players. With the anticipated opening of ETH staking regulations, more and more institutions or companies are expected to participate in the Ethereum staking trend. (According to public information, as of March 31 of this year, Bit Digital holds 24,434.2 ETH and 417.6 BTC, with plans to convert BTC into ETH and raise $150 million through issuing shares to purchase ETH). Among BTC mining companies, it is understandable that a small number of medium and small miners are choosing to shift to ETH, as the increasingly fierce competition will gradually push some smaller players out of the market. BTC mining will only become more intense, with higher demands for computing power and increasing difficulty. The Bitcoin reward halving in 2024 (from 6.25 BTC to 3.125 BTC) will put more pressure on some mining companies, especially regarding electricity costs. In contrast, the operational costs of ETH staking are lower, requiring no mining machines and large amounts of electricity, and it offers relatively stable returns. With the increasing adoption of stablecoins and RWA, more and more companies like Bit Digital will emerge. If BTC represents a significant shift in value storage in human history, ETH is expected to represent a major transition from traditional finance to crypto finance.