Key Highlights
- Bit Digital purchased approximately 8,568 ETH worth $20 million.
- The company now holds over 158,461 ETH in its treasury.
- CEO Sam Tabar called Ethereum “foundational infrastructure for the future digital economy”.
Nasdaq-listed crypto infrastructure company Bit Digital has announced the purchase of 8,568 Ethereum (ETH) worth approximately $20 million, further expanding its long-term Ethereum treasury strategy.
According to the company’s latest statement, the acquisition was completed on May 11, 2026, at an average purchase price of around $2,334 per ETH. Following the transaction, Bit Digital’s total Ethereum holdings increased to 158,461.75 ETH, which is valued at $313 million as per current prices, placing the firm among the larger public corporate holders of Ethereum globally.
The company said the latest purchase aligns with its broader strategy focused on investments in the Ethereum ecosystem, AI, and high-performance computing (HPC) infrastructure, as well as strategic acquisitions.
Bit Digital reinforces Ethereum-focused treasury strategy
Bit Digital CEO Sam Tabar said the company continues to view Ethereum as a core component of the future digital economy.
In the official statement, Tabar said: “Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital economy.”
He added that the company deploys capital selectively when market conditions align with its long-term investment thesis.
According to Bit Digital, the latest purchase also helped lower the company’s average Ethereum acquisition cost basis while supporting long-term net asset value (NAV) growth for shareholders.
Earlier in March, Tabar had publicly stated that Ethereum’s market structure looked “more like a reset than an ending,” signaling continued confidence in the asset despite broader market volatility.
Corporate Ethereum accumulation continues to grow
Bit Digital’s latest treasury expansion comes as several publicly traded firms continue to increase their exposure to Ethereum while the asset trades below previous cycle highs.
Recently, Bitmine disclosed that it purchased 111,942 ETH worth approximately $237 million during a recent market dip. The company said it now holds around 5.39 million ETH alongside other crypto and investment assets.
Bitmine also revealed that more than 4.7 million ETH from its holdings have been staked through its MAVAN system, generating an estimated annual yield of roughly $276 million.
The growing institutional focus on Ethereum reflects rising interest in staking rewards, tokenized finance infrastructure, and blockchain settlement systems beyond traditional Bitcoin treasury strategies.
Ethereum remains under pressure
Despite continued institutional accumulation, Ethereum has remained under pressure in recent weeks amid broader crypto market weakness and geopolitical uncertainty.
Analysts say large-scale corporate ETH accumulation could continue supporting long-term market confidence, particularly as Ethereum remains central to decentralized finance (DeFi), tokenization, and stablecoin infrastructure.
The total amount of firm purchased is $16Million as per the current market price of the ETH.
However, broader macroeconomic risks and ongoing volatility across crypto markets continue influencing short-term price action even as institutional participation expands.
Also read: DDC Boosts Bitcoin Treasury to 2,714 BTC With Back-to-Back Purchase
