BTC Digital Shifts to Ethereum, Adds $1M ETH
BTC Digital pivots from Bitcoin to Ethereum, raising $6M and planning multi-million dollar ETH reserves by year-end.
- BTC Digital moves primary focus from Bitcoin to Ethereum
- Raises $6M and adds $1M in ETH to its holdings
- Aims to build ETH reserves worth tens of millions by year-end
Nasdaq-listed BTC Digital has announced a major strategic shift, moving its core focus from Bitcoin to Ethereum. The company has raised $6 million in new funding and has already invested $1 million in Ethereum (ETH), signaling a long-term commitment to the second-largest cryptocurrency by market capitalization.
This marks a significant change in direction for BTC Digital, which has traditionally centered its operations around Bitcoin. By the end of 2025, the company plans to grow its ETH holdings into the “tens of millions of dollars,” according to its latest statements.
Why Ethereum Over Bitcoin?
The shift comes as Ethereum continues to mature as a technology platform, especially with recent upgrades such as Ethereum 2.0 and its growing ecosystem in decentralized finance (DeFi), NFTs, and smart contracts. BTC Digital appears to be betting on Ethereum’s broader utility and future scalability compared to Bitcoin’s more limited use case as digital gold.
The company has not entirely abandoned Bitcoin but sees Ethereum as the foundation for its next phase of growth. It also aligns with a broader industry trend where institutional interest in Ethereum is growing, especially due to its staking yields and utility across decentralized applications.
Future Plans and ETH Accumulation Strategy
With the initial $1 million investment in ETH, BTC Digital plans to build a significant reserve over the next several months. The raised $6 million will likely support both operational scaling and additional ETH purchases. The firm has not disclosed its full roadmap, but it’s clear that Ethereum will play a central role in its asset allocation strategy moving forward.
Investors and crypto enthusiasts will be watching closely as the company expands its ETH holdings and positions itself as a major institutional player in the Ethereum space.
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