Bit Digital buys $20M in Ethereum, boosting its holdings to over 158,000 ETH.

Bit Digital, a publicly-listed company focused on Ethereum and AI infrastructure, purchased approximately 8,568 Ethereum for $20 million at an average price of $2,334.25 per ETH on May 11, 2026. This acquisition increased its total Ethereum holdings to about 158,461.75 ETH, reinforcing its position as one of the largest public holders globally. The company views Ethereum as a key foundation for the future digital economy and aims to grow its net asset value per share through disciplined capital deployment across Ethereum strategies, AI infrastructure, and strategic acquisitions. This purchase also lowers Bit Digital's average acquisition cost and supports its long-term growth strategy for shareholders.