BTC Digital (BTCT) has announced the establishment of a $1.00 million Ethereum (ETH) reserve. The company stated that this marks the first step in its transformation from a pure computing power provider to a participant in on-chain financial infrastructure. In the future, it will continue to increase its ETH holdings based on market and network upgrades. In the previous week, companies such as Bit Digital, SharpLink, and GameSquare also successively expanded their Ethereum reserves. [The Block]