Bit Digital is set to raise $100 million through a convertible bond maturing in 2030, with the majority of the funds earmarked for purchasing Ethereum. This move could significantly boost its current holdings of 120,000 ETH, valued at approximately $494 million. Meanwhile, Ethereum's price has dipped by 0.89%, testing a critical support range between $4,003 and $4,093. Despite a generally bullish outlook, accumulation indicators point to weakening buying momentum.