BTC Digital Ltd. (NASDAQ: BTCT) closed trading at $3.21, down 4.46% on July 22, with a pre-market indication of $3.20. The decline in share price comes even as the company made headlines with a fresh $5 million acquisition of Ethereum (ETH), increasing its total ETH holdings to 2,135 ETH as part of a growing strategic reserve.
This purchase follows a $6 million financing round completed just last week, reinforcing BTC Digital’s broader plan to position Ethereum as a core long-term asset. According to the company, this latest investment marks a deliberate step in expanding its exposure to blockchain infrastructure that underpins the decentralized economy.
“Ethereum is more than a digital asset, it’s the backbone of the global digital economy,” said CEO Siguang Peng. “Our 2,000+ ETH reserve is only the beginning.”
Building on that momentum, BTC Digital says it will continue accumulating ETH through a disciplined acquisition strategy, adjusting its purchases based on evolving market conditions and internal growth objectives. This approach mirrors a wider shift among blockchain-native companies, which are increasingly holding major crypto assets like Ethereum to bolster long-term balance sheet strength.
Currently, Ethereum (ETH) is trading around $3,644.73, according to CoinGecko, maintaining its status as the leading Layer 1 blockchain for decentralized applications. By expanding its ETH holdings, BTC Digital is not just increasing its treasury exposure but also embedding itself more deeply within Ethereum’s global ecosystem.
Beyond asset acquisition, BTC Digital remains actively operational. Headquartered in Singapore, the company runs crypto mining operations, data centres, and blockchain infrastructure projects. It is also expanding in North America through mining farm development and mining pool services.
In parallel with these developments, BTC Digital announced on July 17 a complete overhaul of its treasury strategy, confirming it has liquidated all its Bitcoin reserves to pivot fully into Ethereum. As part of this shift, the company secured an additional $1 million ETH position, further solidifying its bet on Ethereum’s long-term utility and growth.
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