Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bit Digital buys $20M in Ethereum, boosting holdings to 158,461 ETH amid market uncertainty.

Market News
28 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bit Digital purchased 8,568 Ethereum (ETH) for $20 million on May 11, 2026, at an average price of $2,334.25 per ETH, increasing its total ETH holdings to about 158,461.75. This move positions the company as one of the largest public holders of Ethereum and reflects a strategic commitment to Ethereum as foundational digital infrastructure. CEO Sam Tabar emphasized that the purchase supports long-term growth in net asset value per share and aligns with the company's focus on Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions. The acquisition follows Tabar's earlier view of the ETH market as a reset rather than an end, signaling confidence to buy during market uncertainty and continuing a longer-term accumulation strategy.

More News

Bitdeer sells all mined Bitcoin, holding zero BTC to fund expansion amid Q1 losses.

Bitdeer sells all mined Bitcoin, holding zero BTC to fund expansion amid Q1 losses.

Bitdeer Technologies sold all 206.2 BTC mined last week, maintaining its zero-treasury policy of converting mined Bitcoin into cash immediately to support aggressive growth. Despite a 170% revenue increase to $188.9 million in Q1 2026, the company re...

Protocol Fundamentals
Neutral
4 hours ago
Vertiv reports 30.1% revenue growth in Q1 2026, driven by AI infrastructure demand in Americas.

Vertiv reports 30.1% revenue growth in Q1 2026, driven by AI infrastructure demand in Americas.

Vertiv Holdings posted strong Q1 2026 results with a 30.1% year-over-year revenue increase to $2.65 billion, led by a 53% growth in the Americas region. The company benefits from rising investments in AI infrastructure, which is expected to sustain h...

Company Fundamentals
Bullish
4 hours ago
Solana holds $80 support amid market pullback, with Alpenglow upgrade boosting long-term outlook.

Solana holds $80 support amid market pullback, with Alpenglow upgrade boosting long-term outlook.

Solana (SOL) is maintaining its critical $80 support level despite recent market declines, signaling potential stability. The upcoming Alpenglow upgrade, planned for the second half of 2026, aims to drastically reduce transaction finality times, enha...

Protocol Fundamentals
Bullish
4 hours ago
Atlantico Energy Metals closes acquisition, gets conditional CSE listing approval, plans trading soon.

Atlantico Energy Metals closes acquisition, gets conditional CSE listing approval, plans trading soon.

Atlantico Energy Metals Corp. has completed its acquisition of Atlantico Energy Metals Corp. (the Target) and received conditional approval to list on the Canadian Securities Exchange (CSE). The company issued over 46 million units as consideration a...

Company Fundamentals
Bullish
4 hours ago
XRP holds steady near $1.30 amid extreme fear sentiment and rising institutional interest.

XRP holds steady near $1.30 amid extreme fear sentiment and rising institutional interest.

XRP remains range-bound around $1.30 despite community sentiment dropping to 'Extreme Fear'. Institutional activity, including $63 billion in CME futures volume, and growth in Ripple's stablecoin RLUSD suggest improving ecosystem fundamentals. Analys...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App