The company reported that it sold all of its Bitcoin assets and acquired about 275 ETH. BTC Digital plans to finance new deals for acquiring the second-largest cryptocurrency through issuing and selling additional share packages on the stock market, as well as reinvesting income from ETH staking.

BTC Digital's CEO Siguang Peng stated that the transition from Bitcoin mining to accumulating and staking Ethereum will become the company's long-term strategy. According to the CEO, the ecosystem of the second cryptocurrency offers more opportunities for scaling and utilizing smart contracts, which aligns with the company's plans for developing its business in the decentralized finance (DeFi) sector.

The head of BTC Digital added that the company intends to increase its Ethereum reserves to $10 million by the end of the year.

Earlier, Ethereum co-founder Vitalik Buterin and blockchain developer Toni Wahrstätter proposed introducing improvement EIP-7983, which aims to enhance the security and resilience of the Ethereum ecosystem against DoS attacks.