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BTC Digital Shifts Strategic Focus to Ethereum, Completes $6 Million Financing
Summary: NASDAQ-listed company BTC Digital Ltd. (code: BTCT) announced a strategic shift of core assets from Bitcoin to Ethereum, completing a $6 million financing. The company has initially allocated $1 million in ETH and plans to convert all existing and new BTC assets to ETH, aiming to achieve a multi-million dollar Ethereum reserve by the end ...
NASDAQ-listed company BTC Digital Ltd. (code: BTCT) announced a strategic shift of core assets from Bitcoin to Ethereum, completing a $6 million financing. The company has initially allocated $1 million in ETH and plans to convert all existing and new BTC assets to ETH, aiming to achieve a multi-million dollar Ethereum reserve by the end of the year. CEO Peng Siguang stated that Ethereum has become the preferred platform for decentralized finance, tokenization of real assets, and scalable smart contracts. BTCT will launch an ETH staking program to expand the asset pool through reinvestment of earnings, and participate in DeFi, RWA, and stablecoin projects, transitioning into a digital asset operator with production assets at its core. Previously focused on mining operations, BTCT's business included mining farm construction, mining pool and data center operations, and will now concentrate on ETH staking, liquidity pools, stablecoin reserves, and cross-chain settlements among other infrastructure developments. (Investing)
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Link: BTC Digital Shifts Strategic Focus to Ethereum, Completes $6 Million Financing [Copy]
