Bit Digital Expands Ethereum Treasury With $20 Million ETH Purchase

Bit Digital has increased its Ethereum holdings after purchasing $20 million worth of Ether, strengthening its position among the largest public companies holding the cryptocurrency.

Bit Digital Ethereum Holdings Reach 158K ETH

The Nasdaq-listed company confirmed it bought 8,568 Ether on May 11 at an average price of $2,334.25 per token. The latest purchase increased Bit Digital’s total Ethereum treasury to around 158,462 ETH.

The move pushed the company ahead of Coinbase Global, making Bit Digital the fourth-largest public corporate holder of Ethereum based on available treasury data.

Chief Executive Officer Sam Tabar said the purchase lowered the company’s average ETH acquisition cost and supports its strategy of increasing net asset value per share through Ethereum accumulation, artificial intelligence infrastructure and acquisitions.

Ethereum Treasury Strategy Gains Momentum

Bit Digital operates across Ethereum treasury management, high-performance computing and AI infrastructure through its WhiteFiber subsidiary, which trades under the ticker WYFI.

Despite Ether trading near $2,002 and remaining nearly 60% below its August 2025 all-time high of around $4,946, some analysts remain optimistic. Standard Chartered recently maintained its ETH price target of $4,000 by the end of 2026, pointing to strong network activity, stablecoin growth and tokenization demand on Ethereum.

Meanwhile, Bitmine Immersion Technologies continues leading corporate ETH holdings with more than 5.39 million Ether in reserves.