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

BlockBeats News, March 2nd, According to official sources, BitMine announced today that its holdings of cryptocurrency, cash, and the total value of "high-risk, high-return investment projects" have reached 9.9 billion U.S. dollars. As of 2:00 PM EST on March 1, 2026, the company's holdings of crypto assets include:

· 4,473,587 ETH

· 195 BTC

· $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's Executive Chairman Thomas "Tom" Lee stated: "As we gradually emerge from the 'mini crypto winter,' Bitmine is diligently executing its Ethereum financial strategy. In the past few days, geopolitical uncertainty has escalated— the U.S. has launched a military action against Iran, the impact of which will be reflected in the financial and digital asset markets in the coming weeks. We continue to steadily increase our ETH holdings and optimize portfolio returns."

Lee revealed that Bitmine increased its ETH holdings by 50,928 ETH last week. "We believe this pullback is attractive, as the price of ETH has not yet reflected its high utility as a future financial backbone."

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