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.
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.
