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Bitcoin mining company, BTC Digital (BTCT)moved $ 1 million dollars to Ether (ETH)which is called His new “digital gold”.
BTCT moved 1 million to Ethereum Reserve, Siguang PENG CEO said in a press release, adding that Ethereum “appeared as the basis of USD and converting”.
“By securing the initial ETH $ 1 million reserve today – as we plans to scalance this position – we will be actively standing on decentralized finances, the edition of Stablecoin and the tokenization of assets,” PENG said.
BTCT plans to grow reserve, as upgrading the capacity of lifting and US rules reinforced. BTC Digital was formerly a bitcoin mining company. The the company recently He said “his 20 MW large center mining projects in Georgia have achieved a significant milestone.”
The company does not specify, if it is still planning to minimize bitcoins, but has said that it “builds on its origin in a large cryptocurrency, BTCT is undergoing strategic development from the” Hash -for fall provider “to the” participant of the hash -spit financial infrastructure “in a press release.
BTC Digital is the second publicly traded Bitcoin miner who turns to the Ether Cash Reserve. At the beginning of this month a bit of digital (BTBT) he moved his The whole Treasury from BTC to ETH How has it moved to betting strategy. This step saw his supplies jumped to 30%. Since then, it has been repaired by almost 20% decline.
Meanwhile, BTCT shares closed Friday’s business session 13% higher.
Publicly known ether cash registers that include cash registers of decentralized autonomous organizations (Daos)Network of layer 2 and publicly traded companies, currently holds more than 1.34 million ETH, according to and Public Tracker.
