Bit Digital Completes $20M Ethereum Purchase, Expanding Treasury to 158,461.75 ETH

Nasdaq-listed Bit Digital said it completed a purchase of 8,568 Ethereum (ETH) on May 11, 2026, at an average price of around $2,334 per ETH, expanding its long-term Ethereum treasury strategy.

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Bitget

After the transaction, Bit Digital’s total Ethereum holdings increased to 158,461.75 ETH, which the company valued at $313 million as per current prices.

CoinDesk

Bit Digital CEO Sam Tabar said, "Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital economy."

The company said the acquisition aligns with a strategy focused on investments in the Ethereum ecosystem, AI, and high-performance computing (HPC) infrastructure, and it described the move as lowering its average Ethereum acquisition cost basis while supporting long-term net asset value (NAV) growth for shareholders.

CoinDesk said Bit Digital bought $20 million ETH for the first time since October before a 15% decline, noting that ether broke below $2,000 and left the firm sitting on a $3 million unrealized loss.

CoinDesk reported that the firm purchased 8,568 ETH on May 11 at an average price of $2,334, and that as ETH traded near $1,980 the acquisition was already underwater by roughly $3 million.

Cointelegraph

In its own framing, Bit Digital linked the timing to its thesis, with CEO Sam Tabar saying the "timing reflects our view that market conditions had reset to a level consistent with our thesis."

CoinDesk also said Bit Digital’s treasury holdings were lifted to about 158,462 ETH, worth about $313 million at current prices, and that part of its ETH was staked directly while another portion was deployed through liquid staking products to maintain flexibility.

Separate coverage said Bit Digital extended a $100 million delayed-draw term loan facility to a WhiteFiber subsidiary, tying the financing plan to an Ethereum-denominated secured credit facility.

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Cointelegraph

Cryptonews.net reported that the loan can be expanded to $150 million if both parties agree, and that advances under the facility may be funded in whole or in part through an Ethereum-denominated secured credit facility.

Cryptonews.net quoted Sam Tabar saying, "This transaction reflects a disciplined and differentiated capital allocation approach that further supports our existing AI Infrastructure investment thesis," as the company described the deal as another step away from Bitcoin mining and toward Ethereum-linked treasury activity.

Crypto Briefing added that Bit Digital announced the $100 million delayed-draw term loan facility with an option to expand the commitment to $150 million, and it described the structure as borrowing against ETH holdings at 5.45% to fund a 9.5% loan while keeping Ethereum exposure intact.