BTC Digital announces a strategic shift to Ethereum, converting all Bitcoin reserves to ETH

ChainCatcher news, according to PRNewswire, the U.S. stock-listed blockchain technology company BTC Digital Ltd. (NASDAQ: BTCT) announced today a strategic shift to fully adopt Ethereum (ETH) as its core asset and operational foundation. As part of this plan, BTCT has completed a $6 million financing and added a $1 million position in ETH.

BTCT CEO Siguang Peng stated that Ethereum has become the preferred platform for decentralized finance, tokenization of real assets, and scalable smart contract innovations.