BTC Digital Announces Strategic Shift to Ethereum as Core Asset
AI Summary
According to Foresight News, blockchain technology company BTC Digital (NASDAQ: BTCT) has announced a transformative strategic shift, focusing on Ethereum (ETH) as its core asset and operational foundation. As part of this initiative, BTCT has secured $6 million in funding and added a $1 million ETH position.
The company plans to convert all existing and future Bitcoin holdings into ETH to establish a long-term, efficient on-chain asset pool. This move aims to achieve medium to long-term growth centered around the Ethereum ecosystem.
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