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BTC Digital to convert all Bitcoin reserves to Ethereum

BTC Digital (BTCT) announced a strategic shift to embrace Ethereum, or ETH, as its core asset and operational foundation. As part of this initiative, BTCT has closed a $6M financing round and added a new $1M ETH position. Going forward, the company intends to convert all existing and future Bitcoin holdings into ETH to build a long-term, productive on-chain asset pool and to anchor its mid- and long-term growth around the Ethereum ecosystem.

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