Nasdaq-listed blockchain firm BTC Digital has executed a bold strategic pivot from bitcoin to Ethereum. The company has managed to raise $6 million to fuel a decisive shift and will deploy $1 million of the fresh capital to acquire ETH. The move marks a significant departure from its prior BTC-centered operations.
Strategic shift in treasury strategy
The company intends to shift all current and future Bitcoin assets into Ethereum, concentrating on staking, decentralized finance (DeFi), and real-world asset (RWA) initiatives. BTCT is targeting a substantial expansion of its ETH holdings, potentially reaching tens of millions, by the year’s end. It also wants to roll out a robust staking strategy and build ETH-based yield-generating pools.
“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 in a press release. “By reallocating our digital‑reserve strategy toward ETH, we are positioning BTCT at the forefront of next‑generation on‑chain finance,” he added.
This strategic shift will replace BTC’s store-of-value proposition with ETH’s yield-generating ecosystem opportunities. BTCT’s move aligns with a broader industry trend, with more and more public firms increasing their adoption of Ethereum because of its smart-contract utility and yield potential.
While BTC Digital’s shares dipped slightly after the announcement, investors are watching closely as ETH recently rallied to six‑month highs near $3,600.