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BTCT Announces Strategic Pivot to Ethereum, Converting All Bitcoin Reserves into ETH
SINGAPORE, July 17, 2025 /PRNewswire/ -- BTC Digital Ltd. ("BTCT" or the "Company") (NASDAQ: BTCT), a leading blockchain technology company, today announced
About this update from Btc Digital Ltd.
[{"type":"text","content":"\n SINGAPORE, July 17, 2025 /PRNewswire/ -- BTC Digital Ltd. (\"BTCT\" or the \"Company\") (NASDAQ: BTCT), a leading blockchain technology company, today announced a transformative, strategic shift to fully embrace Ethereum (ETH) as its core asset and operational foundation. As part of this initiative, BTCT has closed a $6 million financing round and added a new $1 million ETH position. Going forward, the Company intends to convert all existing and future Bitcoin (BTC) holdings into ETH to build a long‑term, productive on‑chain asset pool and to anchor its mid‑ and long‑term growth around the Ethereum ecosystem.\n \"Ethereum has emerged as the premier platform for decentralized finance, real‑world asset tokenization, and scalable smart‑contract innovation,\" said Mr. Siguang Peng, CEO of BTCT. \"By reallocating our digital‑reserve strategy toward ETH, we are positioning BTCT at the forefront of next‑generation on‑chain finance. This pivot not only positions us with one of the fastest‑growing crypto assets, but also enables us to participate directly in staking, DeFi protocols, RWA initiatives, and other leading Ethereum‑based opportunities.\"\n As one of the first publicly traded companies to declare Ethereum its strategic core asset—alongside peers such as BMNR, SBET, and BTBT—BTCT's roadmap includes:\n \n \n Rapid Reserve Expansion\n • Leverage the recent $6 million financing to accelerate ETH accumulation.• Target aggregate ETH reserves in the tens of millions of dollars by year‑end.\n \n Staking and Yield Generation\n • Launch a comprehensive ETH staking program to secure network operations and earn predictable rewards.• Reinvest staking yields to compound reserve growth over time.\n \n Active Ecosystem Participation\n • Engage in high‑quality DeFi, Real‑World Asset (RWA), and stablecoin projects built on Ethereum.• Forge partnerships to broaden use cases and drive utility for ETH holdings.\n \n \n Looking Ahead\n BTCT will evolve from a mining‑driven business into a production‑asset‑driven digital‑asset operator, anchored by Ethereum. Key initiatives include:\n \n \n \n ETH‑Backed Yield Pools: Build staking‑and‑liquidity pools to generate sustainable cash flows.\n \n Inclusive Infrastructure: Develop stablecoin reserves, cross‑chain settlement rails, and on‑chain asset issuance platforms leveraging ETH.\n \n Ecosystem Integ...