Ault Alpha Buys 13% of BitNile, Rebrands as Ault Alliance

• Ault Alpha has purchased 50 million shares of BitNile common stock since September 2021, equating to a 13% stake in the company.
• BitNile Executive Chairman Milton Ault has announced that Ault Alpha is inclined to continue purchasing the company’s stock as long as current market conditions remain unchanged.
• BitNile is planning to rebrand as „Ault Alliance“ in the near future.

Ault Alpha has made a major move in the cryptocurrency market, purchasing 50 million shares of BitNile common stock since September 2021. This amount equates to a 13% stake in the company as of press time. The purchase marks a major development in the company’s growth, and further cements their place in the market.

BitNile Executive Chairman Milton Ault has commented on the purchase, stating that Ault Alpha is inclined to continue purchasing BitNile’s stock as long as current market conditions remain unchanged. He also announced that Ault Alpha will be adopting a new 10b5-1/10b-18 plan in the near future.

In addition to the purchase of BitNile’s stock, the company has recently purchased Circle 8 and is in the process of rebranding as “Ault Alliance”. The rebranding is set to take place in the near future, and is expected to further cement the company’s presence in the market.

BitNile’s recent moves have made it clear that the company is looking to expand its reach and become a major player in the cryptocurrency market. With the purchase of 50 million shares of BitNile stock, Ault Alpha is poised to help the company do just that. If the current market conditions remain unchanged, Ault Alpha will likely continue to purchase stock in the company, further strengthening their stake in the market.

As BitNile continues to grow and further establish itself in the market, it will be interesting to see the impact the company’s growth has on the cryptocurrency world. With the rebranding of the company as “Ault Alliance” and the purchase of 50 million shares of BitNile stock, it is clear that the company is aiming to become a major player in the industry.