BTC Digital Ltd. Shifts Focus from Bitcoin to Ethereum, Shares Drop 2.31% Following Announcement

**BTC Digital Ltd. (BTCT) Stock: Dips 2.31% Amid Major Shift from Bitcoin to Ethereum**

In a shocking turn of events, BTC Digital Ltd. (NASDAQ: BTCT) has announced its decision to transition away from Bitcoin and focus on Ethereum as its primary operational foundation. This significant shift in strategy appears to have had an immediate impact on the stock price, with shares plummeting 2.31% to $3.39 by 3:17 PM EDT.

Despite this initial downturn, BTCT’s bold move is poised to transform the company’s mid- and long-term growth trajectory. By embracing Ethereum-based finance and smart contracts, BTCT aims to strengthen its on-chain presence and participate in the emerging blockchain trends centered around the second-largest cryptocurrency by market capitalization.

The announcement comes with a significant injection of $6 million in financing and an additional $1 million in ETH reserves, which will be utilized to accelerate the growth of its Ethereum-based portfolio. This strategic pivot reflects BTCT’s commitment to adapt to the shifting cryptocurrency landscape, driven by the increasing dominance of Ethereum in decentralized finance (DeFi) and asset tokenization.

The company’s Ethereum-centric roadmap is expected to lead to improved operational scalability and a more prominent role within the rapidly expanding blockchain ecosystem.

Source: coincentral.com