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CryptoWorld news: Bit Digital increased its holdings by approximately 8,568 Ethereum on May 11, 2026, spending $20 million, despite the ongoing weakness in the digital asset market. This transaction raised its total Ethereum holdings to approximately 158,461.75 ETH, and at current market prices, the value of its Ethereum assets is about $313 million. Bit Digital CEO Sam Tabar said the acquisition reflects the company’s view of Ethereum’s role in the future digital economy, and emphasized that it will deploy capital selectively when market conditions align with its long-term strategy.