Bit Digital ($BTBT) reports a $3M unrealized loss on its recent $20M ETH investment. The company bought 8,568 ETH at an avg. price of $2,334, with ETH later dropping below $2,000. Total ETH holdings now ~158,462 ETH ($313M). Bit Digital is shifting from Bitcoin mining to a "strategic asset company" focused on ETH reserves, AI infra, and M&A. Some ETH is staked for yield.
#crypto #blockchain #news #BTC #Bitcoin
Poster | Crypto News
npub1f6…0xueh
2026-05-28 13:33:06 GMT
Author Public Key
npub1f6dy7ve47xwsgqyah2mdrca0tprh0c4tu5rgvlnuyrmeac8fkn5st0xuehPublished at
2026-05-28 13:33:06 GMTEvent JSON
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"content": "Bit Digital ($BTBT) reports a $3M unrealized loss on its recent $20M ETH investment. The company bought 8,568 ETH at an avg. price of $2,334, with ETH later dropping below $2,000. Total ETH holdings now ~158,462 ETH ($313M). Bit Digital is shifting from Bitcoin mining to a \"strategic asset company\" focused on ETH reserves, AI infra, and M\u0026A. Some ETH is staked for yield.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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