Blockchain Technology and Mining Btc Digital started ethereum in a strategic shift and a $ 6 million financing round.
The company, listed under the BTCT index on the Nasdaq Stock Exchange, Declare The “transformation and strategic transformation” to completely embrace ETHER (ETH) as “basic and operational assets” on Thursday.
The company has revealed that it added a new position for a million dollars, and it intends to move forward all the current and future Bitco (BTC) holdings to ETH to build a “long -term and productive assets set on assets and consolidate its long and long -term growth around the ethereum ecological system”.
“Ethereum has emerged as a major platform for decentralized financing, the symbol of realistic assets in the world, and the developmental smart innovation,” said BTC Digital Siguang Peng.
The company aims to collect “tens of millions of dollars” in ETH reserves by the end of the year and plans to generate returns through ETH Stokeing, Defi participation, asset projects in the real world, and stablecoins.
Great plans to deceive Ethereum
BTC Digital said it moves from a mining business model to “a digital assets operator moved by productive assets.”
The main strategic initiatives include construction of ETHEROT revenue pools, the development of Stablecoin, and the expansion of partnerships via ETHEREUM, including Defi, NFTS and Layer-2 solutions.
Related to: Ethereum investors accumulate in ETH amid a huge weekly increase
Peng added: “By mediation of our digital assets strategy on ETAREUM, BTCT creates a strong framework to create value in the long term, various revenue sources, and innovative financial products,” Peng added.
There was a slight reaction in the share of the company, which fell slightly on Thursday, to end today at $ 3.44, According to To Google Finance.
More expected fluctuations
Ether prices have benefited from an increase of six months at 3600 dollars, its highest level since early January, in early trading on Friday. The original now reaches 40 % over the past two weeks.
“Investors are increasingly purchased in Bitcoin and Ethereum reserve strategies, while the United States is scheduled to pass prominent legislation that will enable the development of Stablecoins and Defi”, “Nick Rock, LVRG Research Director of LVRGEGRAPH.
“The opposite of the wealth that ETH witnessed compared to a few amazing months, and we will definitely see more bullish direction, partially driven by the death of clarity and genius,” said Nick Booker, investor and founder of the currency office, in a common note with CointeleGRARPHPH.
Ethereum Treas
The company joins the ranks of Joe Lubin Games, Tom Lee BitMine, Digital Asset Platform Digital and Blockchain Technology Solutions, all of which have all announced the ETHEREUM treasury recently.
These four companies alone have about 714,000 ETH, at a value of about $ 2.4 billion at current market prices, According to To strategicetherves.xyz.
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