Ethereum News Today: BTC Digital Shifts Focus to Ethereum, Plans $100M 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 change on Thursday, revealing plans to convert all existing and future Bitcoin holdings into Ethereum. This move is part of a broader strategy to build a long-term, productive on-chain asset pool and anchor its mid- and long-term growth around the Ethereum ecosystem.

BTC Digital's CEO, Siguang Peng, highlighted Ethereum's role as the premier platform for decentralized finance, real-world asset tokenization, and scalable smart-contract innovation. The company aims to accumulate tens of millions of dollars in ETH reserves by the end of the year and plans to generate returns through ETH staking, DeFi participation, real-world asset projects, and stablecoins. This shift marks a transition 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, including DeFi, NFTs, and layer-2 scaling solutions. According to Peng, this strategic shift will create a robust framework for long-term value creation, diversified yield sources, and innovative financial products. The company's stock dipped slightly on Thursday, ending the day at $3.44, but the broader market reaction to this news was minimal.

Ethereum's recent price surge, reaching a six-month high of $3,600, reflects growing investor confidence in the asset. Analysts predict further upside, driven by legislative developments and increasing interest in reserve strategies for Ethereum. BTC Digital joins other companies, such as SharpLink, BitMine, Bit Digital, and Blockchain Technology Consensus Solutions, which have also announced Ethereum treasuries. These companies collectively hold a significant amount of ETH, underscoring the growing trend of corporate investment in Ethereum.