BTC Digital (BTCT) has announced the establishment of a $1.00 million Ethereum ($ETH) reserve. The company stated that this marks the first step in its transformation from a pure computing power provider to a participant in on-chain financial infrastructure. In the future, it will continue to increase its $ETH holdings based on market and network upgrades. In the previous week, companies such as Bit Digital, SharpLink, and GameSquare also successively expanded their Ethereum reserves. [The Block]