Bit Digital is taking a significant step in its institutional Ethereum strategy by partnering with Figment as its primary staking provider. This collaboration is set to enhance the company's approach to ETH staking, which is a crucial aspect of its long-term treasury management. The analytical report published in the material substantiates the following: this partnership will not only optimize staking rewards but also align with the growing institutional interest in Ethereum.
Bit Digital Staking Update
With over 5,325 million in ETH, Bit Digital has already staked more than 86% of its holdings. This move reflects the company's commitment to maximizing its ETH yields while adhering to strict compliance and security standards.
Partnership with Figment
The partnership with Figment is expected to bolster institutional-grade, non-custodial ETH staking, ensuring that Bit Digital can optimize its staking strategy effectively. By leveraging Figment's expertise, Bit Digital aims to navigate the complexities of the Ethereum ecosystem while maintaining a focus on compliance and risk management.
