Bitmine increased its ETH holdings by 51,162 coins last week, and Tom Lee stated that he remains bullish on Ethereum's fundamentals

BlockBeats News, February 23, Bitmine announced today that its holdings of cryptocurrency, cash, and total value of "high-risk, high-return investment projects" are now valued at $9.6 billion. As of February 22, 2026, 6:00 p.m. EST, the company's holdings of crypto assets include:

· 4,422,659 ETH

· 193 BTC

· $200 million Beast Industries equity

· $17 million Eightco Holdings equity

· Cash totaling $691 million

Bitmine's CEO Thomas "Tom" Lee stated that in this "mini crypto winter," we remain focused on executing our financial strategy methodically, steadily increasing our ETH holdings, and optimizing our position returns. Despite the crypto price downturn, Ethereum's three key fundamentals continue to strengthen:

· Wall Street and its tokenization strategy

· AI and AI agents using smart blockchain for execution and payment collection

· The emerging creator economy and its demand for blockchain validation