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.
