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Bit Digital(NASDAQ:BTBT) is a digital asset mining company headquartered in New York City.
Bit Digital provides $100 million credit facility to WhiteFiber, secured by ETH
Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)
Bit Digital Provides $100 Million Loan to WhiteFiber; Ethereum-Based Credit Supports AI Infrastructure Expansion
According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed—either partially or in full—through an Ethereum-denominated secured credit facility, enabling the company to retain ETH exposure while earning a financing spread.
Bit Digital CEO: Increased ETH Position; I Have a Fiduciary Duty to Make Smart Capital Allocation Decisions for Clients
Nasdaq-listed company Bit Digital CEO Sam Tabar stated on X that he has purchased more ETH.Sam Tabar explained: "Many people look at ETH's price performance over the past two years and conclude it's finished. But I believe they are looking for the wrong catalyst. The repricing of ETH was never meant to be built on retail narratives. For an asset backed by such a massive infrastructure, that kind of narrative is simply too fragile. The real catalyst is institutional demand. And the pace of institutional demand never follows the sentiment on social media. It only materializes when compliance frameworks are ready, custody systems are established, and the regulatory environment is stable enough for a CFO to give the green light. And that moment is closer than what market prices reflect."He added: "I hold ETH because I have a fiduciary obligation to make smart capital allocation decisions. And at the price I bought in, ETH meets that standard."
Goldman Sachs Liquidates XRP and Solana ETF Positions in Q1, Still Holds Over $700 Million in Bitcoin ETFs
Goldman Sachs significantly reduced its crypto ETF exposure in the first quarter of 2026 and has completely exited its holdings in XRP and Solana-related ETFs.Filings show that in the fourth quarter of 2025, Goldman Sachs held approximately $154 million in XRP-related ETFs, including products from Bitwise, Franklin Templeton, Grayscale, and 21Shares, making it one of the largest institutional holders of XRP ETFs at the time. Additionally, the firm previously held Solana-related ETFs such as the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, all of which have now been fully sold off.However, Goldman Sachs still retains substantial holdings in BTC and ETH ETFs. Specifically, it holds approximately $690 million in BlackRock's IBIT and about $25 million in Fidelity's FBTC, though both positions were reduced by roughly 10% compared to the previous quarter. Meanwhile, its holding in BlackRock's ETHA shrank by about 70%, leaving approximately 7.2 million shares valued at around $114 million.Furthermore, Goldman Sachs increased its holdings in crypto-related stocks such as Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing positions in mining and infrastructure companies like Strategy, Bit Digital, Riot Platforms, and IREN. (Cointelegraph)
Bit Digital stakes nearly 30,000 ETH via Liquid Collective, valued at approximately $65.3 million
According to on-chain analyst Onchain Lens (@OnchainLens), publicly listed mining company Bit Digital (@bitdigital_btbt) has staked 29,900 ETH via Liquid Collective (@liquid_col), valued at approximately $65.3 million.
Bit Digital provides $100 million credit facility to WhiteFiber, secured by ETH
Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)
Bit Digital Provides $100 Million Loan to WhiteFiber; Ethereum-Based Credit Supports AI Infrastructure Expansion
According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed—either partially or in full—through an Ethereum-denominated secured credit facility, enabling the company to retain ETH exposure while earning a financing spread.
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Bit Digital spends $20 million to increase ETH holdings by 8,568, bringing total holdings to approximately 158,500 ETH
On May 11, Bit Digital acquired approximately 8,568 ETH for $20 million, at an average purchase price of $2,334.25 per ETH. Following the transaction, its ETH holdings increased to approximately 158,461.75 ETH, further solidifying its position as the publicly traded company with the largest ETH holdings.
Bit Digital CEO: Increased ETH Position; I Have a Fiduciary Duty to Make Smart Capital Allocation Decisions for Clients
Nasdaq-listed company Bit Digital CEO Sam Tabar stated on X that he has purchased more ETH.Sam Tabar explained: "Many people look at ETH's price performance over the past two years and conclude it's finished. But I believe they are looking for the wrong catalyst. The repricing of ETH was never meant to be built on retail narratives. For an asset backed by such a massive infrastructure, that kind of narrative is simply too fragile. The real catalyst is institutional demand. And the pace of institutional demand never follows the sentiment on social media. It only materializes when compliance frameworks are ready, custody systems are established, and the regulatory environment is stable enough for a CFO to give the green light. And that moment is closer than what market prices reflect."He added: "I hold ETH because I have a fiduciary obligation to make smart capital allocation decisions. And at the price I bought in, ETH meets that standard."
Bit Digital spends $20 million to increase ETH holdings, with total holdings reaching 158,461.75 ETH
Nasdaq-listed company Bit Digital has announced the purchase of an additional 8,568 ETH for $20 million. Following this transaction, the company's total ETH holdings have reached approximately 158,461.75. Bit Digital stated that this increase will effectively lower the average cost of its holdings and boost the company's net asset value per share. (Prnewswire)
Bit Digital provides $100 million credit facility to WhiteFiber, secured by ETH
Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)
Bit Digital Provides $100 Million Loan to WhiteFiber; Ethereum-Based Credit Supports AI Infrastructure Expansion
According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed—either partially or in full—through an Ethereum-denominated secured credit facility, enabling the company to retain ETH exposure while earning a financing spread.
Goldman Sachs Liquidates XRP and Solana ETF Positions in Q1, Still Holds Over $700 Million in Bitcoin ETFs
Goldman Sachs significantly reduced its crypto ETF exposure in the first quarter of 2026 and has completely exited its holdings in XRP and Solana-related ETFs.Filings show that in the fourth quarter of 2025, Goldman Sachs held approximately $154 million in XRP-related ETFs, including products from Bitwise, Franklin Templeton, Grayscale, and 21Shares, making it one of the largest institutional holders of XRP ETFs at the time. Additionally, the firm previously held Solana-related ETFs such as the Grayscale Solana Trust ETF, Bitwise Solana Staking ETF, and Fidelity Solana Fund, all of which have now been fully sold off.However, Goldman Sachs still retains substantial holdings in BTC and ETH ETFs. Specifically, it holds approximately $690 million in BlackRock's IBIT and about $25 million in Fidelity's FBTC, though both positions were reduced by roughly 10% compared to the previous quarter. Meanwhile, its holding in BlackRock's ETHA shrank by about 70%, leaving approximately 7.2 million shares valued at around $114 million.Furthermore, Goldman Sachs increased its holdings in crypto-related stocks such as Circle, Galaxy Digital, Coinbase, Robinhood, and PayPal, while reducing positions in mining and infrastructure companies like Strategy, Bit Digital, Riot Platforms, and IREN. (Cointelegraph)