BTC Digital Ltd. (BTCT) has established a strategic reserve of $1 million in Ethereum (ETH). This marks the first phase of its wider plan to expand exposure to Ethereum’s on-chain infrastructure.
BTCT said the move aligns with its shift from being primarily a crypto miner to becoming an active player in digital financial infrastructure. The announcement was followed by the company’s shares rising up to 20%.
In a press release, CEO Siguang Peng commented, “By securing an initial $1 million ETH reserve today — and with plans to scale that position — we are proactively positioning ourselves for decentralized finance, stablecoin issuance, and asset tokenization.” He further added that this strategy may boost market confidence and optimize capital deployment.
The move comes as corporate crypto treasury strategies gain traction. In recent weeks, other firms have also boosted their ETH reserves, including Bit Digital, SharpLink, and GameSquare. Ethereum’s price also rose above $3,000 for the first time since February. BlackRock’s spot Ethereum ETF saw about $300 million in inflows in a single day.
Ethereum traded around $2,987 at the time of publication, up 17.66% in the past seven days, according CoinMarketCap data.
The reserve initiative reflects a strategic pivot for BTC Digital. The firm said its goal is to deepen involvement in Ethereum-based settlement, DeFi services, and stablecoin infrastructure.
Investors and traders will now watch to see how BTC Digital grows its Ethereum stash. What the company does next could influence how smaller firms start integrating crypto in their own businesses.
Also Read: SharpLink Acquires More ETH, Sees 17% Stock Jump in 24 Hours
