BitMine increases ETH holdings by 50,928; Tom Lee says the market is in the late stage of a "mini-bear."

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BitMine added 50,928 ETH to its holdings over the past week, bringing its total to 4,473,587 ETH, or 3.71% of the supply. The company’s portfolio is valued at $9.9 billion, including $868 million in cash and equity stakes in Beast Industries and Eightco Holdings. Tom Lee, BitMine’s Executive Chairman, said the market is in the late stage of a “mini-bear,” and the company remains focused on value investing in crypto. He noted that Ethereum’s price is testing key support and resistance levels as the firm continues to execute its long-term financial strategy.

BlockBeats news, on March 2, according to official announcements, BitMine today declared that the total value of its held cryptocurrencies, cash, and "high-risk, high-return investment projects" amounts to $9.9 billion. As of 14:00 Eastern Time on March 1, 2026, the company’s held crypto assets include:


· 4,473,587 ETH

· 195 BTC

· 200 million USD in Beast Industries equity

· $14 million in Eightco Holdings equity

· Total cash: $868 million


Bitmine's ETH holdings account for 3.71% of the total ETH supply.


Bitmine Executive Chairman Thomas "Tom" Lee said: "As we move through the latter half of the 'mini crypto winter,' Bitmine is methodically executing its Ethereum financial strategy. Geopolitical uncertainty has intensified over the past few days, with the United States launching military action against Iran—a development whose impact will be reflected in financial and digital asset markets over the coming weeks. We continue to steadily increase our ETH holdings and optimize yield on our positions."


Lee revealed that last week, Bitmine increased its holdings by 50,928 ETH. "We believe this pullback presents an attractive opportunity, as ETH's price has not yet reflected its high utility as a cornerstone of future finance."


As of March 1, Bitmine has staked a total of 3,040,483 ETH, valued at $6 billion, accounting for 68% of its total holdings. Bitmine’s self-operated staking annualized yield is 2.86%, and its “Made in America Validator Network” is scheduled for deployment in early 2026.

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