Bit Digital Announces Q3 Financial Results, Holding 163,700 ETH
Bit Digital, Inc. announced its financial results for the third quarter of 2026. As of September 30, 2026, the company held approximately 163,726 ETH, with a market value of approximately $439.4 million based on the closing price of $2,684 on that day; of which 74,606 ETH were directly held, with a fair value of approximately $200.2 million.
In the third quarter, the company pledged 73,683 ETH for liquidity, obtaining 66,192 LsETH; of which 19,000 LsETH were used as collateral for a loan, listed as $37.1 million in digital asset collateral receivables; the remaining 47,192 LsETH were recorded as digital intangible assets, amounting to $98.3 million. In the third quarter, the company sold 1,625 ETH for $3.4 million, at an average price of approximately $2,114.62 per ETH. No ETH was purchased during the quarter.
The company recorded a non-cash impairment loss of $3.2 million on LsETH during the quarter. As of September 30, 2026, the company held 27,043,750 shares of WhiteFiber, representing 59.7% of its total outstanding shares. (Source: PR Newswire)
