Bitcoin Digital Abandons $BTC Strategy To Build $ETH Treasury After $6M Raise


Nasdaq-listed BTC Digital has announced a complete pivot from $BTC to $ETH, planning to convert all existing and future $BTC holdings into $ETH.


The mining company raised $6 million and added a new $1 million $ETH position as part of its "transformative strategic shift."


CEO Siguang Peng cited $ETH dominance in DeFi, real-world asset tokenization, and smart contract innovation as key drivers for the decision.


The firm is targeting "tens of millions of dollars" in $ETH reserves by year-end through staking, #DeFi participation, and stablecoin infrastructure development.


#BitcoinDigital joins SharpLink Gaming, BitMine, and Bit Digital in the growing trend of corporate #Ethereum treasuries worth a combined $2.4 billion.


The company is transitioning from mining-focused operations to a "production-asset-driven digital asset operator" centered on the #Ethereum ecosystem.

image
July 18, 2025 at 3:26 PM
81
5
4
4
3
3