Nasdaq-listed cryptocurrency infrastructure firm Bit Digital purchased 8,568 ETH for approximately $20 million in May 2026, increasing its total Ethereum holdings to over 158,000 tokens. The acquisition, executed at an average price of around $2,334 per ETH, is part of the company’s long-term strategic focus on Ethereum, AI, and high-performance computing. While such corporate treasury activity may signal institutional confidence, broader market risks continue to pressure Ethereum’s price.
Bit Digital expanded its Ethereum treasury with a May purchase. The Nasdaq-listed crypto infrastructure firm bought 8,568 ETH for about $20 million, increasing its total holdings to 158,461.75 ETH after the transaction closed.
According to the company announcement, the transaction was finalized on May 11, 2026 at an average price of nearly $2,334 per ETH. Bit Digital’s Ethereum holdings were worth approximately $313 million, placing it among larger public corporate holders.
The acquisition is part of its long-term strategy focused on Ethereum, AI, and high-performance computing. According to Sam Tabar, Ethereum still plays a key role in the company’s vision, as he termed it the backbone of the future digital economy.
“Tabar said Bit Digital will only invest when it feels the conditions are right for its thesis.” The company stated the new deal reduced the average cost basis for its Ethereum holdings. The purchase followed Tabar’s earlier remarks in March about Ethereum’s market structure resembling a reset.
The new deal coincided with Ethereum’s price dropping from recent cycle highs. Public corporations have continued introducing ETH exposure, as evidenced by this treasury activity. Another firm, Bitmine, also reported a large Ethereum purchase during a recent dip.
Bitmine bought 111,942 ETH worth about $237 million, bringing its total holdings to approximately 5.39 million ETH. Corporate interest now extends beyond price exposure to include staking rewards and tokenized finance.
Ethereum has been under pressure in recent weeks due to a broader crypto sell-off and geopolitical uncertainty. Bit Digital’s latest acquisition would be valued at approximately $16 million at the current price, lower than the original $20 million purchase amount.
Analysts note the accumulation of ETH by corporations could signal long-term confidence. They also caution that macro risks continue to sustain market volatility.
