Nasdaq-listed BTC Digital (BTCT) is set to raise $6 million through a direct stock offering aimed at institutional investors. The company plans to sell 2 million shares of its common stock at a price of $3 per share. The primary purpose of this capital raise is to acquire ETH. This strategic move indicates a bullish outlook on Ethereum's future and potential integration within BTC Digital's existing or future business operations. The specific utilization of the acquired ETH remains to be seen, but possibilities include staking, DeFi participation, or strategic holding for capital appreciation. This investment in ETH could signal a shift in BTC Digital's investment strategy, potentially diversifying its portfolio beyond Bitcoin-related ventures. Investors will be watching closely to see how this ETH acquisition unfolds and contributes to the company's overall growth. ```

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