Key Takeaways
- Bit Digital bought 8,568 ETH for $20M, raising holdings to 158,462 ETH.
- Nasdaq-listed Bit Digital deepened its ethereum treasury and AI infrastructure push.
- CEO Sam Tabar signaled more ETH accumulation if market conditions stay favorable.
Bit Digital Buys $20M in ETH 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 ETH. The Nasdaq-listed company announced that it 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. 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 has been working to position itself beyond a single crypto treasury model. Its AI and high-performance computing business operates through Whitefiber Inc., which trades on Nasdaq under the ticker WYFI.
That structure gives the company exposure to two of the market’s most closely watched themes: ethereum as settlement and application infrastructure, and rising demand for AI computing capacity.
Still, the treasury remains a major part of Bit Digital’s identity. With nearly 158,500 ETH on its books, the company is among the most visible public-market vehicles tied to ethereum’s long-term growth.
The purchase also signals that Bit Digital remains willing to add to its holdings when management sees an attractive entry point. For shareholders, the bet is clear: ethereum’s role in the digital economy must expand enough to justify continued balance-sheet accumulation.
