Shareholders stop BTBT's cryptocurrency plan, and future development prospects are unknown

BTBT’s proposal to issue new shares to raise funds to buy Ethereum (ETH) failed due to insufficient shareholder support and failed to reach its quorum by the September 17 deadline. The failure of the vote reflects that investors are concerned about the company's strategic focus on entering digital assets amid regulatory uncertainty and market volatility. Due to the lack of necessary funds, BTBT faces challenges in implementing its expansion plans and may need to re-evaluate its strategies to meet investors' expectations.