Bit Digital Buys $20M in ETH, Expands Treasury to 158,462 ETH

by

Bit Digital Grows Treasury to 158,462 <a href="https://minority-mindset.com/eth-usd/">ETH</a> With New $20M Purchase

Bit Digital spent $20 million to buy 8,568 Ethereum, increasing its total Ethereum holdings to 158,462. The company stated this purchase aligns with its plans for growth in Ethereum, AI technology, and future acquisitions.

  • Key Takeaways:

  • Bit Digital bought 8,568 ETH for $20M, raising holdings to 158,462 ETH.
  • Nasdaq-listed Bit Digital deepened its ethereum treasury and AI infrastructure push.
  • CEO Sam Tabar signaled more ETH accumulation if market conditions stay favorable.

Bit Digital Buys $20M in ETH as CEO Backs Ethereum Digital Economy Thesis

Bit Digital has added another $20 million worth of ethereum to its balance sheet, reinforcing its position as one of the largest publicly listed corporate holders of ETH. The Nasdaq-listed company announced that it bought about 8,568 ETH on May 11, 2026. The tokens were acquired at an average price of $2,334.25 each.

Following the purchase, Bit Digital now holds approximately 158,461.75 ETH. The company said the transaction supports its long-term strategy of building net asset value per share through disciplined ethereum accumulation.

The latest purchase comes as public companies continue to use digital asset treasuries as a way to give equity investors crypto exposure. For Bit Digital, ethereum remains the center of that strategy.

“Our recent ETH purchase reflects our conviction in ethereum as foundational infrastructure for the future digital economy. This purchase strengthens our ETH treasury, lowers our average acquisition cost basis, and supports our commitment to NAV per share growth for our shareholders,” said CEO Sam Tabar.

He explained that the company invests in Ethereum, artificial intelligence infrastructure, and other companies, and makes moves based on whether the market aligns with their investment strategy.

Bit Digital has been working to position itself beyond a single crypto treasury model. Its AI and high-performance computing business operates through Whitefiber Inc., which trades on Nasdaq under the ticker WYFI.

This setup positions the company to benefit from two major trends: the growing use of ethereum for handling transactions and powering applications, and the increasing need for computing power to support artificial intelligence.

Still, the treasury remains a major part of Bit Digital’s identity. With nearly 158,500 ETH on its books, the company is among the most visible public-market vehicles tied to ethereum’s long-term growth.

This purchase shows Bit Digital is still looking to invest more if the price is right. Essentially, the company is betting that Ethereum will become increasingly important in the digital world, making further investments worthwhile.

Read More

2026-05-29 09:58