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BitMine increased its holdings by 50,928 ETH last week, and Tom Lee stated that the market is currently at the end of a bear market

By: rootdata|2026/03/02 21:43:30
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According to official news, BitMine announced today that the total value of its held cryptocurrencies, cash, and "high-risk high-return investment projects" has reached $9.9 billion. As of March 1, 2026, at 14:00 Eastern Time, the company's held crypto assets include: 4,473,587 ETH, 195 bitcoins, $200 million in Beast Industries equity, $14 million in Eightco Holdings equity, and a total cash amount of $868 million. Bitmine's ETH holdings account for 3.71% of the total ETH supply.

Bitmine's Executive Chairman Thomas "Tom" Lee stated, "As we gradually emerge from the latter half of the mini crypto winter, Bitmine is methodically executing our Ethereum financial strategy. The geopolitical uncertainties of the past few days have intensified— the U.S. has launched military actions against Iran, and the effects will be reflected in the financial and digital asset markets in the coming weeks. We continue to steadily increase our ETH holdings and optimize our portfolio returns."

Lee revealed that last week Bitmine increased its holdings by 50,928 ETH. "We believe this pullback is attractive, and the price of ETH has not yet reflected its high utility as the core of future finance." As of March 1, Bitmine has staked a total of 3,040,483 ETH, valued at $6 billion, which accounts for 68% of its total holdings. Bitmine's self-staking annual yield is 2.86%, and its "Made in America Validator Network" is scheduled to be deployed in early 2026.

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