Nasdaq-Listed Mining Company BTC Digital Shifts to Ethereum, Launches Million-Dollar Strategic Position

On July 12 (UTC+8), Nasdaq-listed BTC Digital ($BTCT) announced the establishment of a $1.00 million strategic reserve of Ethereum ($ETH) and plans to continue increasing its holdings, with its stock price once soaring 20% during the session. The company stated that this move is the first step in its transformation from a "computing power provider" to a "participant in on-chain financial infrastructure," aimed at positioning itself in DeFi, stablecoin issuance, and asset tokenization. BTC Digital CEO Peng Siguang said that with the explosive growth of the stablecoin market, Ethereum has become the core of on-chain USD settlement and value transfer, and locking in $ETH reserves in advance will help seize long-term opportunities. Recently, Bit Digital, SharpLink, GameSquare, and other companies have also increased their $ETH inventory, showing that the corporate-level Ethereum allocation trend is accelerating. (Source: The Block) [MetaEra]