Bit Digital Grows Treasury to 158,462 ETH With New $20M Purchase
Ethereum Bit Digital Grows Treasury to 158,462 ETH With New $20M Purchase Bitcoin Ethereum News Bit Digital Buys $20M in 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 . The Nasdaq-listed company announced that it bought about 8,568 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 . 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 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 added that the company deploys capital across ethereum, AI infrastructure, and acquisitions, and moves when market conditions fit its investment thesis. Bit Digital