BTC Digital dey swap BTC for ETH make dem fit build ETH treasury
Nasdaq-listed miner BTC Digital don raise $6 million and open a $1 million Ethereum position as dem dey swap all their Bitcoin holdings for ETH. Di company aim to build multimillion-dollar ETH treasury by year-end, converting their old and future BTC to ETH. Dis ETH treasury pivot go fund diversified yield strategies, including ETH staking, DeFi participation, real-world asset tokenization, and stablecoin infrastructure. BTC Digital plan to launch ETH-backed yield pools and link up with layer-2 networks, NFT platforms, and stablecoin issuers. Dem go reinvest staking rewards to make returns compound. Di shift from mining-focused model to production-asset-driven digital operator show wider corporate move towards Ethereum. Ether price don jump to a six-month high near $3,600, up 40% in two weeks, which show say the ETH treasury strategy get strong bullish outlook.
Bullish
To convert BTC reserves into ETH dey create direct buying pressure on Ethereum, as BTC Digital dey plan to get tens of millions for ETH. The move dey align wit corporate treasury strategies and e dey signal say institution confidence for Ethereum dey grow. For short term, the new ETH treasury and staking demand fit help prices remain near the recent six-month high. For longer term, to establish ETH-backed yield pools, DeFi participation and on-chain integration go strengthen Ethereum utility and fit support steady price increase.