{"id":36571,"date":"2025-07-12T18:01:46","date_gmt":"2025-07-12T18:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36571"},"modified":"2025-07-12T18:01:46","modified_gmt":"2025-07-12T18:01:46","slug":"another-btc-mining-firm-moves-into-ethereum-reserve-hailing-eth-as-digital-gold","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36571","title":{"rendered":"Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as \u2018Digital Gold\u2019"},"content":{"rendered":"
\n

Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called<\/a> its new \u201cdigital gold.\u201d<\/p>\n

BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has \u201cemerged as the foundation of on-chain USD settlement and value transfer.\u201d<\/p>\n

“By securing an initial $1\u202fmillion\u00a0ETH\u00a0reserve today\u2014and with plans to scale that position\u2014we are proactively positioning ourselves for\u00a0decentralized\u00a0finance,\u00a0stablecoin\u00a0issuance, and asset tokenization,\u201d Peng said. <\/p>\n

BTCT plans to grow the reserve as upgrades lift capacity and U.S. rules solidify. BTC Digital was previously a bitcoin mining company. The firm recently<\/a> said that “its 20\u202fMW large\u2013scale cryptocurrency mining project in Georgia has reached a significant milestone.”<\/p>\n

The company doesn’t state if it still plans to mine bitcoin, but said it is “building on its origins in large\u2013scale crypto mining, BTCT is undergoing a strategic evolution from “hash\u2013rate provider” to “on\u2013chain financial infrastructure participant,” in the press release. <\/p>\n

BTC Digital is the second publicly traded bitcoin miner turning to an ether treasury. Earlier this month Bit Digital (BTBT) shifted its entire treasury from BTC to ETH <\/a>as it moved to a staking strategy. The move saw its stock jump up to 30%. It has since corrected in a nearly 20% drop. <\/p>\n

Meanwhile, BTCT’s stock closed Friday’s trading session 13% higher. <\/p>\n

Publicly-known ether treasuries, which include the treasuries of decentralized autonomous organizations (DAOs), Layer-2 networks, and publicly-traded firms, currently hold more than 1.34 million ETH, according to a public tracker.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new \u201cdigital gold.\u201d BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has \u201cemerged as the foundation of on-chain USD settlement and value transfer.\u201d “By […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36571","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36571"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36571\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}