BTC Digital adds $5 million in ethereum to strategic reserves

Published 21/07/2025, 14:00
BTC Digital adds $5 million in ethereum to strategic reserves

SINGAPORE - BTC Digital Ltd. (NASDAQ:BTCT), a $32 million market cap blockchain technology company, has purchased an additional $5 million worth of Ethereum, bringing its total holdings to 2,135 ETH, the company announced Monday.

The acquisition follows last week’s $6 million financing round and represents the company’s continued implementation of its Ethereum accumulation strategy. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 27.49, suggesting ample resources for its investment initiatives.

"Ethereum is more than just a digital asset—it represents the foundational infrastructure of the global digital economy," said Siguang Peng, CEO of BTC Digital.

The company indicated it plans to maintain a "disciplined acquisition cadence" to expand its ETH reserves, adjusting purchases based on market conditions and corporate strategy.

BTC Digital describes itself as a blockchain technology company focused on developing various blockchain-related businesses in North America, including cryptocurrency mining operations and mining pool services.

The announcement comes amid ongoing volatility in cryptocurrency markets, with Ethereum remaining one of the largest cryptocurrencies by market capitalization behind Bitcoin.

This information is based on a press release issued by the company.

In other recent news, BTC Digital Ltd. has announced a strategic shift from Bitcoin to Ethereum as its core asset, supported by a $6 million financing round. The company has established a $1 million Ethereum reserve and plans to convert all its Bitcoin holdings into Ethereum, aiming to build a long-term asset pool centered around the Ethereum ecosystem. This strategic pivot includes plans to expand Ethereum reserves to tens of millions of dollars by year-end and launch a staking program. BTC Digital has also completed a $6 million registered direct offering, selling 2 million ordinary shares at $3.00 per share to institutional investors, with the proceeds earmarked for purchasing Ethereum. Aegis Capital Corp. served as the exclusive placement agent for this transaction. Additionally, BTC Digital has launched a strategic reserve program, completing a $1 million Bitcoin reserve. The company aims to support on-chain business deployment for stablecoin integrations and decentralized finance liquidity. BTC Digital’s CEO, Siguang Peng, emphasized the importance of Ethereum as infrastructure for major stablecoins, which has driven the company’s reserve strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.