Blockchain technology and mining company BTC Digital has announced a strategic shift from Bitcoin to Ethereum, raising $6 million in financing. This transition aims to establish Ethereum as its core asset, with plans to convert existing Bitcoin holdings into Ether to build a significant ETH reserve by year-end. CEO Siguang Peng emphasized Ethereum's status as the premier platform for decentralized finance, smart contracts, and asset tokenization. The company intends to generate returns through ETH staking and participation in DeFi. BTC Digital is also focusing on developing yield pools, stablecoin infrastructure, and partnerships within the Ethereum ecosystem. Despite the announcement, the firm's stock saw a slight dip. Ethereum experienced a recent surge in value, with prices hitting six-month highs, attributed to increasing investor interest and upcoming legislative support for stablecoins and DeFi. The firm joins a trend among various companies moving towards Ethereum treasury strategies, with a collective holding of substantial ETH reserves.

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