- BTC Digital Ltd. (BTCT, Financial) shifts focus from Bitcoin to Ethereum, securing $6 million in financing and initiating $1 million in ETH reserves.
- Plans to convert all Bitcoin holdings into Ethereum, targeting tens of millions in ETH reserves by year-end.
- Strategic pivot aims to leverage Ethereum's staking, DeFi, and real-world asset initiatives for diversified revenue streams.
BTC Digital Ltd. (BTCT), a prominent player in blockchain technology, has announced a decisive strategic pivot to Ethereum (ETH), moving away from its traditional Bitcoin-centric operations. The company has successfully completed a $6 million financing round, marking a significant step toward solidifying its position in the Ethereum ecosystem. Alongside this, BTCT has established an initial ETH reserve worth $1 million.
The company plans to completely convert its existing and future Bitcoin holdings into Ethereum. With a focus on staking, decentralized finance (DeFi) protocols, and real-world asset (RWA) initiatives, BTCT aims to expand its ETH reserves to tens of millions of dollars by the end of the year.
This strategic transformation will transition BTCT from a mining-centered business model to a production-asset-driven digital asset operator. The firm’s new business model includes the launch of a comprehensive ETH staking program designed to secure network operations and generate predictable rewards. Additionally, the company intends to reinvest staking yields to compound growth over time.
BTCT's roadmap also features initiatives to engage in high-quality DeFi, RWA, and stablecoin projects built on Ethereum, alongside forging strategic partnerships to broaden use cases and drive utility for its ETH holdings. This move positions BTCT as one of the few publicly traded companies prioritizing Ethereum, alongside peers such as BMNR, SBET, and BTBT.
By centering its digital-asset strategy on Ethereum, BTCT aims to generate long-term value creation, diversified yield sources, and innovative financial products. The company's leadership believes this pivot will yield superior risk-adjusted returns for shareholders and establish BTCT as a pioneer in the emerging on-chain economy.
