Bitcoin mining firm, BTC Digital (BTCT)$ 1 million company has taken cash in ether (Eth)Which is this called Its new “Digital Gold.”
BTCT transferred $ 1M to Etreum Reserve, Chief Executive Officer Siguang Peng said in a press release, saying that Etreum “has emerged as the foundation of” on-chain USD disposal and price transfer. “
Peng said, “Today by securing an early $ 1 million ATH reserve – and with a plan of scale – we are constantly keeping ourselves in position for decentralized finance, stabechoin and asset toning.”
BTCT has planned to develop the reserve as an upgrade ability and strengthen American rules. BTC Digital was earlier a bitcoin mining company. Recently firm Said that “its 20 MW Cryptocurrency mining project in Georgia has reached a significant milestone.”
The company does not explain if it is still planning bitcoin, but said that it is “constructing its origin in scale crypto mining on its origin, in BTCT press release, being undergoing a strategic development from” Hash -Chen Provider “from” Hash -Chen Financial Infrastructure Participant “.
BTC Digital Publicly trading Bitcoin Minor turns into an ether treasury. Bit digital earlier this month (BTBT) Its entire treasure was transferred from BTC to ETH as it went into a stacking strategy. The move increased its stock by 30%. Since then, a fall of about 20% has been improved.
Meanwhile, the stock of BTCT closed Friday’s trading session 13% more.
Publicly known ether treasury (Daos)Layer -2 networks, and publicly trading firms, are currently over 1.34 million ETHs, according to A Public tracker.
