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Nasdaq-listed BTC Digital establishes $1 million ETH reserve with plans to scale

This is the first phase of BTC Digital's "broader initiative to deepen its exposure to Ethereum's onchain financial infrastructure" and to position the company for long-term growth, according to a press release.

"As the stablecoin market continues its explosive growth, Ethereum has emerged as the foundation of onchain USD settlement and value transfer," CEO Siguang Peng said in a statement. "By securing an initial $1 million ETH reserve today — and with plans to scale that position — we are proactively positioning ourselves for decentralized finance, stablecoin issuance, and asset tokenization."

Nasdaq-listed BTC Digital establishes $1 million ETH reserve with plans to scale

This is the first phase of BTC Digital's "broader initiative to deepen its exposure to Ethereum's onchain financial infrastructure" and to position the company for long-term growth, according to a press release.

"As the stablecoin market continues its explosive growth, Ethereum has emerged as the foundation of onchain USD settlement and value transfer," CEO Siguang Peng said in a statement. "By securing an initial $1 million ETH reserve today — and with plans to scale that position — we are proactively positioning ourselves for decentralized finance, stablecoin issuance, and asset tokenization."

https://www.theblock.co/post/362273/nasdaq-listed-btc-digital-establishes-1-million-eth-reserve-with-plans-to-scale