Bitcoin mining firm, BTC Digital (BTCT)has moved $ 1 million from the company’s cash in the ether (Eth)that he called his new “digital gold”.
BTCT moved $ 1 million in the Ethereum reserve, said Director General Siguang Peng in a press release, adding that Ethereum had “become the foundation of a colony and a chain value transfer”.
“By obtaining an initial ETH reserve of $ 1 million today – and with plans to evolve this position – we position ourselves proactively for decentralized finances, the stabing and the tokenization of assets,” said Peng.
BTCT plans to develop the reserve as a lifting capacity of upgrades and that the American rules solidify. BTC Digital was previously a Bitcoin mining company. The company recently said that “its 20 MW-scale cryptocurrency extraction project in Georgia has reached an important step”.
The company does not declare whether it still plans to exploit Bitcoin, but has declared that it “relies on its origins in large -scale cryptographic exploitation, BTCT undergoes a strategic development of the” hash provider “in” participating in the financial infrastructure “in the press release.
BTC Digital is the second Bitcoin minor on the stock market turning to an ether treasure. Earlier this month, a digital bit (BTBT) moved all his BTC treasure in ETH when he moved to an ignition strategy. This decision saw its stock jump up to 30%. He has since corrected a drop of almost 20%.
Meanwhile, BTCT shares closed the negotiation session on Friday 13%.
Known public treasury bills, which include treasury bills for decentralized autonomous organizations (Daos)Layer 2 networks and listed companies currently hold more than 1.34 million ETH, according to a public tracker.
