Ethereum treasury firm Bit Digital made its first ether (ETH) purchase since the October crypto market peak, but it’s already underwater on its acquisition as crypto prices are pulling back again.
The company said it bought roughly 8,568 ether (ETH) for $20 million on May 11, at an average price of $2,334 per token.
As ETH is currently trading near $2000, the latest acquisition is already sitting on an unrealized loss of roughly $3 million, having gone down more than 15% over the past few weeks.
The latest purchase lifted the firm’s treasury holdings to about 158,462 ETH, worth about $313 million at current prices, with part of its ETH staked directly and another portion deployed through liquid staking products to maintain flexibility.
Bit Digital has purchased 8,568 ETH for $20 million USD, bringing its total holdings to 158,461.75 ETH.
As a Strategic Asset Company, we execute when market conditions align with our thesis, deploying capital with discipline across Ethereum ecosystem strategies, AI… pic.twitter.com/XEi88z3Nv0
— Bit Digital, Inc. NASDAQ:BTBT (@BitDigital_BTBT) May 28, 2026
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