BitMine increased its ETH holdings by 50,928 coins last week, Tom Lee stated that the current market is in the "late bear" phase.

March 2 — BitMine announced Thursday that its total holdings of cryptocurrencies, cash, and high-risk, high-return investment projects are valued at $9.9 billion, per official sources. As of 2:00 PM ET on March 1, 2026, the company’s holdings include: - 4,473,587 ETH - 195 BTC - $200 million in Beast Industries equity - $14 million in Eightco Holdings equity - $868 million in cash BitMine’s ETH holdings represent 3.71% of the total ETH supply. BitMine CEO Thomas “Tom” Lee noted: “As we move past the latter stages of the ‘mini crypto winter,’ we’re steadily executing our Ethereum-focused financial strategy. Geopolitical uncertainty has escalated in recent days — the U.S. has launched military action against Iran, and its impact will show up in financial and digital asset markets in the coming weeks. We’re continuing to accumulate ETH steadily and optimize returns on our holdings.” Lee added that BitMine boosted its ETH holdings by 50,928 tokens last week. “We see this retracement as attractive — ETH’s price hasn’t yet reflected its strong practicality as a future financial core,” he said. As of March 1, BitMine had staked 3,040,483 ETH — worth $6 billion — which accounts for 68% of its total holdings. The company’s in-house staking program yields a 2.86% annual return, and its “Made in America Validator Network” is set to launch in early 2026.