Bit Digital purchased $20 million worth of Ether, increasing its holdings to roughly 158,462 ETH and surpassing Coinbase Global in ETH reserves.

The firm said it purchased 8,568 ether on May 11 at an average price of $2,334. Since then, ETH broke below $2,000, leaving the firm sitting at a $3 million unrealized loss.

Bit Digital purchased $20 million worth of Ether, increasing its holdings to roughly 158,462 ETH and surpassing Coinbase Global in ETH reserves.

Bit Digital purchased 8,568 ETH for $20 million, expanding its ethereum treasury to 158,462 ETH, while supporting its broader strategy.