BTC Digital (BTCT) announced the establishment of a $1 million Ethereum reserve, with the stock price surging 18% during trading. From 2025 to now, the $BTCT stock price has dropped about 8%, with a total market capitalization of approximately $33 million. It feels more like trying to ride the recent hype around $ETH, short-term speculation on the stock price, and the hype effect is not significant.