TLDR
- Bit Digital bought 8,568 ETH for $20M during weaker Ethereum market conditions on May 11.
- The purchase raised its Ethereum treasury to 158,461.75 ETH, among the largest public holdings globally.
- Management said ETH buy lowered its average cost basis and supported NAV per share growth.
- Bit Digital links its strategy to Ethereum accumulation, AI infrastructure, and strategic acquisition opportunities globally.
- Company warned investors to review filings because crypto treasury strategies carry market and business risks.
Bit Digital, Inc. has increased its Ethereum holdings with a new $20 million ETH purchase. The Nasdaq-listed company made the move during weak Ethereum market conditions. The purchase adds to its plan to build a large ETH treasury over time.
Bit Digital Adds 8,568 ETH To Its Treasury
Bit Digital said it acquired about 8,568 Ethereum on May 11, 2026. The company paid an average price of $2,334.25 per ETH. The total purchase value was $20 million.
The transaction raised Bit Digital’s Ethereum treasury to about 158,461.75 ETH. The company said this places it among the largest public Ethereum holders globally. The move came as Ethereum faced pressure across the wider crypto market.
Bit Digital described itself as a publicly listed Strategic Asset Company. It said its business focuses on Ethereum strategies, AI and HPC infrastructure, and acquisitions. The latest ETH purchase fits its stated treasury plan.
Company Says Purchase Supports NAV Per Share Growth
Chief Executive Sam Tabar said the company remains confident in Ethereum’s long-term role. He said, “Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital economy.” The statement linked the buy to Bit Digital’s broader capital plan.
Tabar said the company uses capital across three main business areas. These include Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions. He also said the company acts when market conditions match its view.
He added, “When market conditions align with our thesis, we execute.” Tabar said the purchase strengthens the ETH treasury and lowers the company’s average acquisition cost. He also said it supports Bit Digital’s focus on NAV per share growth.
Bit Digital Builds Strategy Across Ethereum And AI
Bit Digital is based in New York and trades on Nasdaq under the ticker BTBT. The company has shifted from a narrow crypto focus toward a wider asset strategy. Its current model includes ETH accumulation and AI infrastructure.
The AI and HPC business operates through its subsidiary WhiteFiber, Inc. WhiteFiber trades on Nasdaq under the ticker WYFI. Bit Digital also said it continues to review strategic acquisition options.
The company included a risk notice for current and potential investors. It advised investors to review risk factors in its 2025 Form 10-K. It also pointed to later Form 10-Q and Form 8-K filings.
Bit Digital said unknown or currently minor risks could still affect its operations. It warned that business results and financial condition may suffer if those risks occur. The company also said investors could lose part or all of their investment.
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