BTC Digital, a Bitcoin-Mijnbureau on Nasdaq in the US, has announced a complete overhaul of his treasury strategy by converting all current and future Bitcoin Holdings into Ethereum.
According to a recent announcementThe Ethereum company not only regards as a core active, but also as the operational basis for its long -term growth, which runs away from its traditional mining -oriented business model.
As part of the relocation, BTC Digital has protected $ 6 million in new financing and added a position of $ 1 million in Ether. The company plans to use these funds to speed up ETH accumulation, with a target to build reserves worth tens of millions of dollars towards the end of the year.
In addition to liquidating his Bitcoin interests, the company wants to switch to what it describes as a “production-asset-driven digital-asset operator,” the company said. This includes the launch of revenue pools supported by ETH and participation in Ethereum-based decentralized finances (Defi), Real-World Asset (RWA) tokenization and Stablecoin infrastructure projects.
Rationalization of the company’s decision, said CEO Siguang Peng that Ethereum has become the “best platform” for Defi, tokenized assets and scalable smart contracts.
“By centering our digital asset strategy on Ethereum,” said Peng, “BTCT creates a robust framework for making value in the long term, diversified yield sources and innovative financial products.”
Among other things, BTC Digital plans to roll out an ETH postponing program. Generated yield would be reinvested again to collect the growth of the reserve, which further supports BTCT treasury basis. Moreover, the company is planning to forge partnerships in the Ethereum ecosystem, including with Layer-2 networks, NFT platforms and Stablecoin emission.
Ethereum’s profession as a treasury assets
BTC Digital positions ETH, not only as a storage of value, but as a yield -generating assets to improve the return of the shareholders. The company is of the opinion that this model, rooted in active participation in chains, offers a better risk-remuneration profile than passive Bitcoin companies.
And it is not only BTC Digital, in recent months various public companies have embraced Ethereum as a Treasury assets.
According to the Noones CEO, Ray Youssef, the growing presence of Ethereum in the Real-World assets-token risition market has considerably increased its attraction as a business treasure holiday.
With more than $ 5 billion in tokenized treasuries and RWAS, Ethereum has now been managed, Youssef Crypto.news said that the network is “the facto layer for conforming, on-chain finance.”
The possibility of generating yield by native deployment, combined with a deflatoe reimbursement structure, makes ETH a composite active with double financial benefits.
Gaming company Sharplink, for example, has taken over more than 280,000 ETH, which became temporarily the world’s largest company holder of Ethereum. Almost all of his companies have been deployed and generates a steady return on the chain.
Only a few days later, Bitmine Immersion Technologies, however, acquired around 300,657 ETH and so far established itself as the largest company holder of the Ethereum company, with his reserve with a value of more than $ 1 billion.
In the meantime, Gamesquare, who owns Faze Clan and has one of the largest gaming networks in Noord -America, has raised more than $ 90 million to finance the accumulation and deployment of Ethereum.
