BitMine increased its holdings by 50,928 ETH last week. Tom Lee states that the market is currently in the final stage of a "mini bear" market.

BlockBeats News, March 2 — According to official sources, BitMine announced today that the total value of its held cryptocurrencies, cash, and “high-risk, high-reward investment projects” amounts to $9.9 billion. As of 2:00 PM Eastern Time on March 1, 2026, the company’s crypto assets include:

· 4,473,587 ETH

· 195 Bitcoin

· $200 million in Beast Industries equity

· $14 million in Eightco Holdings equity

· Total cash of $868 million

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 ‘mini crypto winter,’ Bitmine is steadily executing our Ethereum financial strategy. Recent days have seen increased geopolitical uncertainty — the U.S. has taken military action against Iran, and the effects are expected to reflect in the financial and digital asset markets over the coming weeks. We continue to steadily increase our ETH holdings and optimize our position for returns.”

Lee revealed that last week, Bitmine increased its ETH holdings by 50,928 ETH. “We believe this correction is attractive; the price of ETH has not yet reflected its high practicality as the future financial core.”

As of March 1, Bitmine’s staked ETH totaled 3,040,483 ETH, worth $6 billion, accounting for 68% of its total holdings. Bitmine’s self-operated staking annualized return is 2.86%, and its “Made in America Validator Network” plan is set to be deployed in early 2026.