Bit Digital extends $100 million loan facility to WhiteFiber, backed by Ethereum credit line
Hex37's read
- Bit Digital extends a $100M loan facility to WhiteFiber.
- The facility is backed by an Ethereum credit line.
- Bit Digital can retain ETH exposure through the advances.
What it means for traders
- This move could increase demand for ETH if Bit Digital draws heavily on the facility.
- Traders may watch ETHUSDT for potential volatility related to Bit Digital's funding activities.
Affected markets
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