Bit Digital Purchases $20 Million of Ethereum, Deepening Its Strategic Asset Position

Rhea-AI Summary

Bit Digital (Nasdaq: BTBT) announced it purchased approximately 8,568 Ethereum (ETH) for $20 million on May 11, 2026, at an average cost of $2,334.25 per ETH.

This brings Bit Digital’s holdings to about 158,461.75 ETH, reinforcing its position among major public Ethereum holders and aligning with its strategy across Ethereum ecosystem, AI/HPC infrastructure, and strategic acquisitions.

Positive

• Purchased approximately 8,568 ETH for $20 million on May 11, 2026
• Average Ethereum acquisition cost of $2,334.25 per ETH
• Total Ethereum treasury increased to about 158,461.75 ETH
• Company states the transaction lowers overall ETH cost basis
• Management links ETH accumulation to NAV per share growth focus
• Reinforces role as a publicly listed strategic asset company focused on Ethereum

Negative

• None.

Market Context

This announcement reinforces Bit Digital’s Ethereum-centric strategy by adding 8,568 ETH for $20M at...

Analysis

This announcement reinforces Bit Digital’s Ethereum-centric strategy by adding 8,568 ETH for $20M at an average of $2,334.25 per ETH, lifting the treasury to roughly 158,461.75 ETH. It builds on prior disclosures of large, mostly staked ETH holdings and an expanding AI/HPC footprint via WhiteFiber. Investors may watch future updates on staking levels, financing arrangements, and ETH price sensitivity to assess how this growing on-balance-sheet exposure evolves.

Key Figures

ETH purchase value: $20 million ETH purchased: 8,568 ETH Average purchase price: $2,334.25 per ETH +1 more

4 metrics

ETH purchase value $20 million ETH acquired on May 11, 2026

ETH purchased 8,568 ETH Treasury purchase on May 11, 2026

Average purchase price $2,334.25 per ETH Cost basis for May 11, 2026 transaction

Total ETH holdings 158,461.75 ETH Post-transaction ETH treasury size

Previous Crypto Reports

5 past events · Latest: Apr 07 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	ETH metrics update	Neutral	-3.7%	Reported March 2026 ETH treasury, staking levels, yields, and WYFI holdings.
Mar 05	ETH metrics update	Neutral	-7.5%	Released February 2026 ETH holdings, staking exposure, rewards, and WYFI values.
Feb 06	ETH metrics update	Positive	+19.6%	Detailed January 2026 ETH balances, high staking proportion, and rewards generation.
Jan 29	Shareholder letter	Positive	-2.3%	Outlined 2025 strategic transformation to Ethereum focus and AI via WhiteFiber.
Jan 28	WYFI stance	Positive	-2.3%	Reaffirmed long-term investment in ~27M WYFI shares and 2026 no-sell stance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Crypto-focused updates often trigger mixed reactions: strategic/letter-style communications have sometimes sold off, while detailed treasury metrics have produced both sharp gains and declines.

Recent Company History

Over recent months, Bit Digital has repeatedly highlighted its Ethereum-centric strategy and large ETH and WhiteFiber positions. Crypto-tagged events show stable ETH balances around 150,000–155,000 ETH, with most holdings staked and generating modest yields. Shareholder letters and reaffirmations of long-term holdings sometimes saw negative price reactions, while detailed monthly ETH metric updates have included both strong rallies and pullbacks. Today’s ETH purchase fits the ongoing shift to an Ethereum-focused strategic asset model.

Key Terms

ethereum, ai/hpc infrastructure, eth, nav per share

4 terms

ethereum technical

"Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" ), a publicly-listed Strategic Asset Company focused on Ethereum strategies"

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

ai/hpc infrastructure technical

"focused on Ethereum strategies, AI/HPC infrastructure, and strategic acquisitions"

A combined set of specialized computers, networks, storage and software designed to build, train and run large artificial intelligence models and other demanding simulations. Think of it as the engines, workshop and roads that let advanced algorithms run quickly and handle huge amounts of data; stronger infrastructure lets firms develop better products faster, scale services and control costs. Investors watch it because it drives a company’s ability to compete, requires sizable capital and affects future revenue and margins.

eth technical

"the Company acquired $20 million in ETH at an average cost of $2,334.25"

ETH is the native digital currency of the Ethereum blockchain, used to pay for transactions and to run programs on that network. For investors it matters because owning ETH is both a way to access and use the platform (like buying fuel to run an app) and a speculative asset whose price reflects demand for the network, changes to its supply rules, and broader crypto market sentiment.

nav per share financial

"supports our commitment to NAV per share growth for our shareholders"

NAV per share is the value of a fund or company's assets minus its liabilities, divided by the number of shares outstanding — think of it as the price of one slice of a pie made from all the holdings. Investors use it to judge whether a share’s market price is fair: if the market price is lower than NAV per share, shares may be trading at a discount; if higher, at a premium.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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In March, Bit Digital CEO Sam Tabar publicly wrote that the Ethereum market looked "more like a reset than an ending."

NEW YORK, May 28, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a publicly-listed Strategic Asset Company focused on Ethereum strategies, AI/HPC infrastructure, and strategic acquisitions, today announced the purchase of approximately 8,568 Ethereum ("ETH") for $20 million USD.

On May 11th, 2026, the Company acquired $20 million in ETH at an average cost of $2,334.25, adding 8,568 ETH to its treasury. Following the transaction, Bit Digital now holds approximately 158,461.75 ETH, reinforcing its position among the largest public holders of Ethereum globally.

"Our recent ETH purchase reflects our conviction in Ethereum as foundational infrastructure for the future digital economy. As a Strategic Asset Company, we deploy capital with discipline across three main verticals: Ethereum ecosystem strategies, AI infrastructure, and strategic acquisitions," Tabar said. "When market conditions align with our thesis, we execute. This purchase strengthens our ETH treasury, lowers our average acquisition cost basis, and supports our commitment to NAV per share growth for our shareholders."

About Bit Digital
Bit Digital, Inc. (Nasdaq: BTBT) is a publicly-listed Strategic Asset Company. The Company operates across three core verticals: a disciplined ETH accumulation program focused on long-term NAV per share growth, an AI/HPC infrastructure business through its subsidiary WhiteFiber, Inc. (Nasdaq: WYFI), and strategic acquisitions. Bit Digital is headquartered in New York, New York. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.

Investor Notice
Investing in our securities involves risks worth considering before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K.  If any material risks were to occur – including those not presently known to us or currently deemed immaterial – our business operations may be impaired, and our financial condition or operating results would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.

Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE Bit Digital, Inc.

FAQ

What did Bit Digital (NASDAQ: BTBT) announce on May 28, 2026 regarding Ethereum?

Bit Digital announced it purchased about 8,568 ETH for $20 million. According to Bit Digital, the May 11, 2026 transaction supports its strategy of deploying capital into Ethereum ecosystem assets and strengthening its ETH treasury for long-term shareholder value.

How many Ethereum tokens does Bit Digital (BTBT) hold after its $20 million purchase?

Bit Digital reports holding approximately 158,461.75 ETH after the latest purchase. According to Bit Digital, this expanded treasury helps reinforce its standing among the largest public Ethereum holders globally and supports its strategic asset focus on the Ethereum ecosystem.

At what average price did Bit Digital (BTBT) buy Ethereum in May 2026?

Bit Digital acquired Ethereum at an average cost of $2,334.25 per ETH. According to Bit Digital, the company invested $20 million on May 11, 2026, and indicates that this transaction lowered its overall Ethereum acquisition cost basis.

How could Bit Digital’s May 2026 Ethereum purchase impact BTBT shareholders?

Bit Digital links the ETH purchase to its goal of NAV per share growth. According to Bit Digital, adding 8,568 ETH and lowering the average cost basis are intended to strengthen the balance sheet and support its strategic asset mandate for investors.

What are the main strategic asset verticals for Bit Digital (NASDAQ: BTBT)?

Bit Digital focuses on three main verticals: Ethereum ecosystem strategies, AI/HPC infrastructure, and strategic acquisitions. According to Bit Digital, the May 2026 Ethereum purchase aligns with its role as a strategic asset company centered on Ethereum and related technologies.