BTC Digital is announcing a strategic shift to Ethereum, converting all Bitcoin reserves to Ethereum.

BlockBeats News, July 17th, Blockchain technology company BTC Digital (Nasdaq stock code: BTCT) announced a transformative strategic shift, with Ethereum (ETH) as its core asset and operational foundation. As part of this plan, BTCT has completed a $6 million financing round and added a $1 million ETH position. In the future, the company plans to convert all existing and future Bitcoin holdings into ETH to construct a long-term, efficient on-chain asset pool and achieve medium- to long-term growth around the Ethereum ecosystem.