Bit Digital Adds $20 Million in Ether Despite Weak Market Nasdaq-listed Bit Digital ($BTBT) has purchased an additional 8,568 $ETH for roughly $20 million, pushing ahead with its Ethereum acc
Nasdaq-listed Bit Digital ($BTBT) has purchased an additional 8,568 $ETH for roughly $20 million, pushing ahead with its Ethereum accumulation strategy even as the token has struggled to generate meaningful upside this year. The company completed the purchase on May 11, 2026, at an average price of $2,334.25 per ETH, bringing its total treasury to approximately 158,461.75 ETH.
Bit Digital CEO Sam Tabar said the transaction not only expanded the company's treasury reserves but also lowered its average cost basis, contributing to long-term net asset value (NAV) per share growth.
Bit Digital describes itself as a Strategic Asset Company focused on active participation in Ethereum infrastructure and controlling equity exposure to AI and high-performance computing infrastructure through its majority ownership stake in WhiteFiber (Nasdaq: WYFI).The company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally.
Bit Digital does not simply hold Ether passively. The company stakes its ETH to generate protocol-native yield and participates directly in Ethereum network execution, a model that has become central to its treasury management strategy.
The ETH purchase arrives alongside a separate capital move. Just days earlier, Bit Digital announced it had originated and served as lender for a $100 million delayed-draw term loan facility for a subsidiary of WhiteFiber, with the facility expandable to $150 million upon mutual agreement.The company operates across three core verticals: a disciplined ETH accumulation program focused on long-term NAV per share growth, an AI and HPC infrastructure business through WhiteFiber, and strategic acquisitions.
The latest purchase continues a steady build that has accelerated sharply over the past year. In July 2025, Bit Digital announced the completion of its full transition to an Ethereum treasury strategy, having raised approximately $172 million in gross proceeds from a public offering and deployed the net capital to purchase ETH.By the end of November 2025, the company held approximately 154,398 ETH.
Sources:Bit Digital buys $20M in Ethereum for treasury – Stock TitanBit Digital shifts entire treasury to Ethereum – Bit Digital official press releaseBit Digital originates $100M financing facility for WhiteFiber – PR Newswire
