Nasdaq-listed miner expands Ethereum holdings by $20 million despite broader market downturn.
Bit Digital purchased 8,568 ETH for $20 million on May 11, 2026, averaging $2,334.25 per token. The acquisition increases its corporate treasury to approximately 158,461.75 ETH.
The move contrasts with recent Ethereum price declines, as the company executes a counter-trend strategy. Prior to this purchase, Bit Digital held roughly 149,893.75 ETH in its reserves.
No immediate market reaction was disclosed following the announcement.