Odaily Planet Daily News Nasdaq-listed BTC Digital Ltd. (code: BTCT) announced that it will shift its core asset strategy from Bitcoin to Ethereum and completed $6 million in financing. The company has built a position of $1 million in ETH for the first time. In the future, it will convert all existing and new BTC assets into ETH, with the goal of achieving tens of millions of dollars in Ethereum reserves by the end of the year.
CEO Peng Siguang said that Ethereum has become the preferred platform for decentralized finance, tokenization of real assets, and scalable smart contracts. BTCT will launch an ETH staking plan, expand the asset pool through profit reinvestment, and participate in DeFi, RWA and stablecoin projects, transforming into a digital asset operator with production assets as the core.
BTCT previously focused on mining business, covering mine construction, mining pools and data center operations. In the future, it will focus on infrastructure such as ETH staking, liquidity pools, stablecoin reserves and cross-chain settlement. (Investing)