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- Bit Digital bought 8,568 ETH for $20 million in May 2026.
- The company now holds more than 158,000 ETH in its treasury.
- Management continues to expand its Ethereum and AI infrastructure strategy.
Bit Digital expanded its Ethereum reserves after completing a new $20 million ETH purchase during May 2026. The Nasdaq-listed company acquired around 8,568 ETH at an average price of $2,334.25 per coin, according to a company press release.
With this acquisition, the total number of Ethereum held by Bit Digital stands at almost 158,461.75 ETH. The corporation currently holds one of the top positions among publicly-traded companies that have made substantial investments in Ethereum.
This is an asset-strategy firm that deals with strategies regarding the Ethereum ecosystem, artificial intelligence, high-performance computer infrastructure, and acquisitions. According to management, this investment reflects their confidence in Ethereum in the digital economy space.
Bit Digital Adds More ETH to Corporate Reserves
The Ethereum cryptocurrency has continued to be highly scrutinized in the first six months of 2026. Analysts continued to monitor institutional interest in the Ethereum cryptocurrency as corporations considered options for alternatives to the Bitcoin treasury strategy. Market information indicates that the ETH cryptocurrency was trading at a price of over $2,300 at the time of the acquisition.
Sam Tabar, Chief Executive Officer of Bit Digital, indicated that the corporation takes a strategic approach in managing its capital and it makes investments in the market when market conditions warrant it. Additionally, the recent deal has lowered the corporation’s average cost basis on its Ethereum treasury.
The usage of cryptocurrency by firms in their treasury management has increased in recent years. While some firms utilize cryptocurrencies in their overall strategy concerning their balance sheets, others see blockchain technology as an investment for the future. The company has continued accumulating the Ethereum cryptocurrency as analysts pointed out the utility of the cryptocurrency in the decentralized finance system and the staking process.
AI Infrastructure Remains Part of Growth Strategy
In addition to the digital assets investment strategy, Bit Digital has been working on the development of AI and computing infrastructure operations. There has been a growing trend among publicly traded companies involved in the blockchain ecosystem to explore other sources of income through AI applications and data infrastructure.
The demand for AI computation power has surged in global tech markets during the last year. Many crypto-based companies are trying to diversify their businesses by entering the space of AI computing.
The recent acquisition of the Ethereum tokens by Bit Digital occurred amid increased institutional interest in digital assets. The analysts noted that institutional investments in cryptocurrencies can affect the attitude towards crypto companies. The current treasury of Bit Digital now exceeds 158,000 ETH tokens.
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