Ethereum News Today: BTC Digital Shifts to Ethereum, Plans $100 Million ETH Reserves

BTC Digital, a blockchain technology and mining company, has made a significant strategic shift by fully embracing Ethereum as its core asset and operational foundation. The company, listed under the ticker BTCT on the Nasdaq, announced this transformative move on Thursday, following the closure of a $6 million financing round.

As part of this shift, BTC Digital has added a new $1 million Ether position and plans to convert all existing and future Bitcoin holdings into ETH. The goal is to build a long-term, productive on-chain asset pool and anchor its mid- and long-term growth around the Ethereum ecosystem. According to BTC Digital CEO Siguang Peng, Ethereum has emerged as the premier platform for decentralized finance, real-world asset tokenization, and scalable smart-contract innovation.

The firm aims to accumulate tens of millions of dollars in ETH reserves by the end of the year. It plans to generate returns through ETH staking, DeFi participation, real-world asset projects, and stablecoins. This transition marks a shift from a mining-focused business model to a production-asset-driven digital asset operator.

Key strategic initiatives include building ETH-backed yield pools, developing stablecoin infrastructure, and expanding partnerships across the Ethereum ecosystem. This includes DeFi, NFTs, and layer-2 scaling solutions. According to Peng, by centering its digital-asset strategy on Ethereum, BTC Digital is creating a robust framework for long-term value creation, diversified yield sources, and innovative financial products.

BTC Digital joins other companies that have recently announced Ethereum treasuries, including SharpLink, BitMine, Bit Digital, and Blockchain Technology Consensus Solutions. These companies collectively hold a significant amount of ETH, reflecting the growing institutional interest in Ethereum.

This strategic shift by BTC Digital underscores the increasing recognition of Ethereum's potential in the cryptocurrency market. The company's pivot from Bitcoin mining to an all-in Ethereum staking play marks a transformative moment in its corporate strategy, aligning with the evolving landscape of digital currencies.