BTC Digital Buys $1 Million Worth of Bitcoin

Singapore-based crypto firm BTC Digital Ltd. (Nasdaq: BTCT), launched its strategic bitcoin (BTC) and ether (ETH) reserve programs on Monday, according to a press release. The company says it finished setting up its $1 million ether reserve last week and has now completed the set up for its bitcoin reserve, also worth $1 million. The company aims to acquire more cryptocurrency in the coming months and is targeting $10 million in total reserves by the end of 2025. The purpose of building up crypto reserves is threefold according to the firm: balance sheet stability, enablement of onchain operations, and establishment of real-world asset (RWA) infrastructure. “BTC and ETH represent the ‘central‑bank‑grade assets’ of the stablecoin and RWA era,” said BTC Digital CEO Siguang Peng. “By incorporating them into our core asset‑allocation framework through a long‑term lens, we’re not only upgrading our asset‑management strategy, but also laying the groundwork for a deeper role in tomorrow’s on‑chain financial ecosystem.”