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Nasdaq-Listed Bit Digital Buys Approximately ¥3.2 Billion in Ethereum, Holdings Exceed 150,000 ETH

2026/05/29 07:14 (Updated 2026/05/29 10:01)
CoinPost
Written by L.Kikutani
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Nasdaq-Listed Bit Digital Buys Approximately ¥3.2 Billion in Ethereum, Holdings Exceed 150,000 ETH

Contrarian Buying Amidst ETH Downturn

In a contrarian move during a downturn in Ethereum prices, Nasdaq-listed Bit Digital announced on May 28 that it had acquired approximately 8,568 ETH for $20 million (about ¥3.2 billion) on May 11. The average acquisition price was $2,334.25 per ETH. Meanwhile, the current trading price of ETH is $2,019. This transaction has increased Bit Digital's...

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Iolite Vol.20

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.