Bit Digital Grows Treasury to 158,462 ETH With New $20M Purchase

Bit Digital purchased about 8,568 ETH for $20 million on May 11, 2026, bringing total holdings to approximately 158,461.75 ETH. The company acquired the tokens at an average price of $2,334.25 per ETH. The purchase is intended to strengthen its ethereum treasury, lower its average acquisition cost basis, and support growth in net asset value per share. The company frames ethereum as foundational infrastructure for the future digital economy. It also states that capital is deployed across ethereum, AI infrastructure, and strategic acquisitions, with additional accumulation planned if market conditions remain favorable. Public companies continue using digital asset treasuries to provide crypto exposure to equity investors.

"Bit Digital 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."

"“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 added that the company deploys capital across ethereum, AI infrastructure, and acquisitions, and moves when market conditions fit its investment thesis."

"Bit Digital purchased 8,568 ETH for $20 million, expanding its ethereum treasury to 158,462 ETH. The company said the move supports its broader strategy across ethereum, AI infrastructure, and strategic acquisitions. Nasdaq-listed Bit Digital deepened its ethereum treasury and AI infrastructure push. CEO Sam Tabar signaled more ETH accumulation if market conditions stay favorable."

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