BTC Digital Goes All-In on Ethereum with $6 Million Strategic Shift

BTC Digital, a company listed under the BTCT index on the Nasdaq Stock Exchange market, has made a bold move, shifting its focus entirely to Ethereum with a $6 million strategic investment.

The blockchain technology company secured $6 million in funding through a registered direct offering, selling 2 million shares to institutional investors at $3 per share. The company also invested an additional $1 million in Ethereum with plans to convert all its current and future Bitcoin holdings into ETH.

BTC Digital Bets on ETH

By making this bold move, BTC Digital is shifting its focus from Bitcoin mining to going all-in on Ethereum, with plans to accumulate Ethereum reserves and develop its digital asset infrastructure, aiming to build a long-term, productive on-chain asset pool.

The company’s CEO, Siguang Peng, stated that BTC Digital recognizes Ethereum for its prominent role in decentralized finance, tokenization of real-world assets, and support for scalable smart contract applications.

He added, “By reallocating our digital‑reserve strategy toward ETH, we are positioning BTCT at the forefront of next‑generation on‑chain finance. This pivot not only positions us with one of the fastest‑growing crypto assets but also enables us to participate directly in staking, DeFi protocols, RWA initiatives, and other leading Ethereum‑based opportunities.”

With this new strategy, BTC Digital plans to accumulate tens of millions of dollars in ETH reserves before the end of 2025, generating returns through ETH staking, DeFi participation, and stablecoin projects.

Dumping Bitcoin For Ethereum

Amidst a growing trend of institutions shifting to an Ethereum-focused strategy, publicly traded crypto platform Bit Digital also sold its Bitcoin holdings to buy more ETH. In a recent report, the company completed a public offering, raising around $172 million, with plans to use the funds to acquire substantial amounts of the coin.

Bit Digital also sold its Bitcoin portfolio, holding a total of 280 BTC, using the proceeds to acquire more ETH. After the platform’s diversion, its Ethereum holdings increased from 24,434 ETH to about 100,603 ETH.

In another development, blockchain technology company BitMine Immersion Technologies announced that its holdings were valued at $1 billion following the completion of a $250 million private placement. The company’s total Ethereum holdings amounted to 300,657 ETH, worth about $1 billion at the time of the event.