BTC Digital Dumps Bitcoin for Ethereum in Radical Treasury Pivot
Nasdaq-listed Bitcoin mining firm BTC Digital has announced a sweeping overhaul of its treasury strategy, opting to liquidate all its Bitcoin reserves and pivot entirely to Ethereum.
Nasdaq-listed Bitcoin mining firm BTC Digital has announced a sweeping overhaul of its treasury strategy, opting to liquidate all its Bitcoin reserves and pivot entirely to Ethereum.
In a statement released July 17, the U.S.-based company revealed it has already secured $6 million in fresh financing, alongside a new $1 million position in Ether. The funds will be used to accelerate Ethereum accumulation, with ambitions to build reserves worth tens of millions of dollars before the year ends.
Source: BTC Digital
BTC Digital’s CEO, Siguang Peng, described the move as central to the firm’s evolution from a traditional mining company into what it calls a “production-asset-driven digital-asset operator.” The new model will focus on deploying ETH holdings in decentralized finance (DeFi) yield pools, real-world asset (RWA) tokenization, and stablecoin infrastructure projects.
“By centering our digital-asset strategy on Ethereum,”
Peng said,
“BTCT is creating a robust framework for long-term value creation, diversified yield sources, and innovative financial products.”
As part of its strategy, BTC Digital plans to launch an ETH staking program, with staking rewards reinvested to compound its reserves. The firm also aims to form partnerships across the Ethereum ecosystem, including layer-2 networks, NFT platforms, and stablecoin issuers.
The company emphasized that Ethereum will not merely serve as a store of value in its treasury but as a yield-generating asset capable of enhancing shareholder returns through active on-chain participation.
BTC Digital is not alone in its Ethereum pivot. Recent months have seen a wave of public companies accumulating ETH as a treasury asset. Gaming giant SharpLink recently acquired over 280,000 ETH, briefly making it the largest corporate holder of Ethereum, with nearly all holdings staked for steady returns. That title was soon overtaken by BitMine Immersion Technologies, which purchased approximately 300,657 ETH valued at over $1 billion.
Meanwhile, GameSquare, owner of FaZe Clan and one of North America’s largest gaming networks, has raised more than $90 million to fund its own Ethereum accumulation and staking strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
This Week's Preview: BTC Returns to 86,000, Trump’s Epic Showdown with Major Shorts, Macro Turmoil Just Settled
After last week's global market panic and subsequent recovery, bitcoin rebounded to $86,861. This week, the market will focus on new AI policies, the standoff between bears and bulls, PCE data, and geopolitical events, with intensified competition. Summary generated by Mars AI. The accuracy and completeness of this summary, produced by the Mars AI model, are still being iteratively improved.

At risk of being removed from the index? Strategy faces a "quadruple squeeze" crisis
Strategy is facing multiple pressures, including a significant narrowing of mNAV premiums, reduced coin hoarding, executive stock sell-offs, and the risk of being removed from indexes. Market confidence is being severely tested.

VIPBitget VIP Weekly Research Insights

How to plan a perfect TGE launch?
Most TGE failures are not due to poor products or inexperienced teams, but because their foundations were never prepared to face public scrutiny, competition, and shifts in narrative.

