Nasdaq-Listed Company Plans to Establish $1 Million Ethereum Reserve

On July 12th, according to The Block, BTC Digital (BTCT) announced the establishment of a $1 million Ethereum reserve. The company stated that this marks its first step in transitioning from a pure-play hash rate provider to an on-chain financial infrastructure participant. In the future, it will continue to accumulate $ETH based on market conditions and network upgrades. [BlockBeats News]