$BTC BTC Digital Buys $1 Million Worth of Bitcoin

Singapore-based crypto firm BTC Digital Ltd. (Nasdaq: BTCT), launched its strategic bitcoin ( BTC) and ether ( ETH) reserve programs on Monday, according to a press release. The company says it finished setting up its $1 million ether reserve last week and has now completed the set up for its bitcoin reserve, also worth $1 million.

The company aims to acquire more cryptocurrency in the coming months and is targeting $10 million in total reserves by the end of 2025. The purpose of building up crypto reserves is threefold according to the firm: balance sheet stability, enablement of onchain operations, and establishment of real-world asset (RWA) infrastructure. “ BTC and ETH represent the ‘central‑bank‑grade assets’ of the stablecoin and RWA era,” said BTC Digital CEO Siguang Peng. “By incorporating them into our core asset‑allocation framework through a long‑term lens, we’re not only upgrading our asset‑management strategy, but also laying the groundwork for a deeper role in tomorrow’s on‑chain financial ecosystem.”