BitMine accumulated 50,928 ETH last week, Tom Lee says the market is currently at the end of a "mini bear" phase.
BlockBeats News, March 2, according to official sources, BitMine announced today that the total value of its cryptocurrencies, cash, and "high-risk, high-reward investment projects" has reached 9.9 billions USD. As of 14:00 Eastern Time (UTC+8) on March 1, 2026, the company’s crypto assets include:
· 4,473,587 ETH
· 195 bitcoin
· 200 millions USD in Beast Industries equity
· 14 millions USD in Eightco Holdings equity
· Total cash holdings of 868 millions USD
Bitmine’s ETH holdings account for 3.71% of the total ETH supply.
Bitmine 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. In recent days, geopolitical uncertainty has intensified— the United States has launched military action against Iran, and its impact will be reflected in 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 Bitmine increased its ETH holdings by 50,928 last week. "We believe this pullback is attractive, and ETH’s price has yet to reflect its high utility as the core of future finance."
As of March 1 (UTC+8), Bitmine’s total staked ETH reached 3,040,483, valued at 6 billions USD, accounting for 68% of its total holdings. Bitmine’s self-operated staking annual yield is 2.86%, and its 'Made in America Validator Network' is scheduled for deployment in early 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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