Bit Digital Grows ETH Treasury to 158,462 Tokens With $20M Buy

Bit Digital has expanded its Ethereum treasury to roughly 158,462 ETH following confirmation of an $20 million purchase. The latest update builds on the May 28 announcement of a $100 million delayed-draw loan facility to WhiteFiber, funded partly through an ETH-denominated credit line from Galaxy Digital. The company bought 8,568 ETH on May 11 at an average price of $2,334.25 and drew an initial $50 million at 5.45% to lend onward at 9.5%, capturing a financing spread while retaining crypto exposure. B. Riley participated as a $20 million co-investor, underscoring growing institutional use of ETH as both treasury asset and collateral.