BTC Digital is overhauling its treasury strategy by converting all Bitcoin holdings to Ethereum, aiming for significant reserve growth and increased yield generation.
BTC Digital has announced a major shift in its treasury strategy, converting all Bitcoin holdings into Ethereum and securing $6 million in financing. The firm aims to accumulate tens of millions in ETH reserves by year-end, launch ETH staking, and engage in decentralized finance initiatives, marking a departure from its traditional mining model.