Bitmine increases its ETH holdings by 60,999 and adds $80M to Eightco (ORBS)

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On March 16, 2026, Bitmine increased its ETH holdings by 60,999, raising its total ETH to 4,595,562, or 3.81% of the supply. The company’s crypto and cash holdings under the Moonshot Program reached $11.5 billion. ETH analysis indicates this move followed an $80 million investment in Eightco (ORBS), which recently acquired stakes in OpenAI and Beast Industries. Bitmine also purchased 5,000 ETH from the Ethereum Foundation. The ETH price remains a key focus for market observers.

ChainThink reports that on March 16, according to official announcements, Bitmine today declared that the total value of its aggregated crypto assets, cash, and "Moonshot Program" holdings has reached $11.5 billion. As of 7:00 PM Eastern Time on March 15, 2026, the company’s crypto holdings include 4,595,562 ETH, 196 bitcoins (BTC), a $200 million investment in Beast Industries, an $83 million investment in Eightco Holdings (Nasdaq: ORBS), and $1.2 billion in cash.


Bitmine's ETH holdings account for 3.81% of the total ETH supply (120.7 million ETH).


Over the past week, Bitmine also implemented two strategic initiatives. First, Bitmine increased its investment in the existing "Moonshot Program" company Eightco (ticker: ORBS) by an additional $80 million. ORBS acquired $50 million in equity in OpenAI and $25 million in equity in Beast Industries. Lee stated: "ORBS is now the only publicly traded stock globally that allows investors direct exposure to OpenAI. OpenAI’s highly anticipated IPO is scheduled for 2026, and investors can now gain direct access through ORBS. Additionally, we see significant synergies between World Chain (Human Proof), the leading AI platform (OpenAI), and global icon content creator Mr. Beast. Eightco has invited Cathie Wood’s ARK to serve as a strategic advisor, further enhancing ORBS’s appeal."


Second, Bitmine purchased 5,000 ETH from the Ethereum Foundation, enabling EF to fund its core operations. Lee said: "Bitmine's acquisition of these ETH demonstrates our support for EF’s mission and operations, allowing EF to raise funds without selling its ETH on the open market."


Lee noted: "Over the past two weeks, Bitmine has slightly accelerated its pace of ETH purchases, as our fundamental assessment is that ETH is in the final stage of a 'mini crypto winter.' Last week, we acquired 60,999 ETH, compared to a recent weekly average of 45,000 to 50,000 ETH."

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