Bit Digital Defies Ethereum Bear Market, Buys $20M ETH Against the Trend
Nasdaq-listed Bit Digital (BTBT) announced the purchase of approximately 8,568 ETH for $20 million. The company executed the transaction on May 11, 2026, at an average cost of $2,334.25 per ETH and added the 8,568 ETH to its corporate treasury. Following the purchase, Bit Digital now holds a total of approximately 158,461.75 ETH.

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Source: http://prnewswire.com/news-releases/bit-digital-purchases-20-million-of-ethereum-deepening-its-strategic-asset-position-302784388.html…