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**BTC Digital Ltd. (BTCT) Stock: Dips 2.31% Amid Major Shift from Bitcoin to Ethereum**
In a surprise move, BTC Digital Ltd. (NASDAQ: BTCT) has announced a significant shift away from its focus on Bitcoin and towards the rapidly evolving Ethereum ecosystem. As a result, the company’s stock price plummeted 2.31% to $3.39 by 3:17 PM EDT.
This strategic realignment underscores the company’s commitment to embracing innovation and adapting to market trends. The decision marks a significant departure from its previous Bitcoin-centric reserve model, as BTCT seeks to capitalize on Ethereum’s growing dominance in decentralized finance (DeFi) and staking activities.
To facilitate this pivot, BTCT has already secured $6 million in financing and added $1 million in ETH to its reserves. This bold move aligns the company with emerging blockchain trends focused on Ethereum-based finance and smart contracts.
In a major expansion of its operational focus, BTCT will leverage its ETH holdings across various sectors, including DeFi, real-world asset (RWA) tokenization, and stablecoin projects. The company aims to strengthen long-term use cases and utility through these strategic partnerships and project alignments.
As the market reacts to this shift, BTCT’s growth prospects are likely to take center stage. This development could have far-reaching implications for both Ethereum-based staking and DeFi initiatives.
The move further solidifies BTCT’s commitment to a blockchain-first strategy with operational and financial scalability at its core. In light of this announcement, investors are advised to monitor the company’s progress closely as it navigates these new waters.
Source: coincentral.com
