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

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.