BTC Digital announces strategic shift to Ethereum and will convert all Bitcoin reserves into ETH

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According to ChainCatcher and PRNewswire, the NASDAQ-listed blockchain technology company BTC Digital Ltd. (NASDAQ ticker: BTCT) today announced a strategic shift, fully adopting Ethereum (ETH) as its core asset and operational foundation. As part of this plan, BTCT completed a $6 million financing and added a $1 million ETH position.

BTCT CEO Siguang Peng stated that Ethereum has become the preferred platform for decentralized finance, physical asset tokenization, and scalable smart contract innovation.

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