BofA update shows where active managers are putting money
Investing.com -- BTC Digital Ltd. (NASDAQ:BTCT) stock surged 10% after the blockchain technology company announced it has established a strategic reserve of $1 million in Ethereum, marking the first phase of its initiative to increase exposure to Ethereum’s financial infrastructure.
The Singapore-based company said the reserve represents part of a broader strategy to position itself for growth in digital assets. CEO Siguang Peng stated the move aims to prepare the company for decentralized finance, stablecoin issuance, and asset tokenization opportunities.
BTC Digital cited Ethereum’s role as infrastructure for major stablecoins like USDT and USDC as a key factor driving its reserve strategy. The company noted that stablecoin activity has increased Ethereum’s on-chain transaction volume to levels approaching traditional financial systems.
The announcement highlighted institutional adoption trends, with mining and blockchain companies incorporating Ethereum into reserve portfolios for yield generation and collateral purposes. BTC Digital also referenced regulatory developments in the United States and upcoming technical upgrades to the Ethereum network.
The company described its strategic evolution from cryptocurrency mining operations to participation in on-chain financial infrastructure, indicating plans to continue expanding its Ethereum holdings based on market developments and network upgrades.
BTC Digital operates in blockchain technology with focus on cryptocurrency mining, mining farm construction, mining pool operations, and data center services primarily in North America.
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