Nasdaq-Listed Company Plans to Establish $1,000,000 Ethereum Reserve

On July 12, The Block reported that BTC Digital (BTCT) announced the establishment of a $1.00 million Ethereum reserve. The company stated that this marks the first step in its transformation from a pure computing power provider to an on-chain financial infrastructure participant. In the future, it will continue to increase its $ETH holdings based on market and network upgrades. [BlockBeats]