BTC Digital Dumps Bitcoin to Go All-In on Ethereum Strategy
2025-07-18 11:07:05
Main Idea
BTC Digital, a Nasdaq-listed blockchain company, is shifting its focus entirely to Ethereum, purchasing $1 million worth of Ethereum to build a large pool of on-chain assets for DeFi, staking, and other blockchain-based activities.
Key Points
1. BTC Digital has decided to shift its focus entirely to Ethereum and has already purchased $1 million worth of Ethereum.
2. The company aims to hold 'tens of millions of dollars' in Ethereum by the end of 2025, utilizing it for staking, lending in DeFi, and other blockchain-based activities.
3. CEO Siguang Peng cited Ethereum's role in decentralized finance (DeFi) and real-world applications as reasons for the shift, stating it aligns better with the company's future plans than Bitcoin.
Description
BTC Digital , a blockchain and mining company traded on Nasdaq as BTCT, has decided to shift its focus entirely to Ethereum .
Latest News
- SharpLink Gaming Ups Stock Sale to $6 Billion to Fuel ETH Buying Spree2025-07-18 15:02:21
- Netflix Taps AI for Budget-Friendly Visuals Without Replacing Artists2025-07-18 14:58:15
- OpenAI Turns ChatGPT Into a Full-Fledged Digital Assistant2025-07-18 14:02:48
- BTC Digital Dumps Bitcoin to Go All-In on Ethereum Strategy2025-07-18 11:07:05
- Donald Trump Taps Crypto Lawyer Eric Tung for Key Ninth Circuit Seat2025-07-18 09:59:48