BitMine increased its ETH holdings by 60,976 coins last week, while Tom Lee reiterated that the current phase is the "Late Bear" stage.

BlockBeats News, March 9th, according to official sources, Bitmine announced today that its holdings of cryptocurrency, cash, and total value of "high-risk, high-return investment projects" have reached 10.3 billion USD. As of 4:00 PM Eastern Time on March 8, 2026, the company's holdings of crypto assets include:

· 4,534,563 ETH

· 195 BTC

· $200 million worth of Beast Industries equity

· $14 million worth of Eightco Holdings equity

· Total cash amount of $1.2 billion

Bitmine's CEO Thomas "Tom" Lee stated: "This week, against the backdrop of war concerns and soaring oil prices, the price of Ethereum has shown resilience. We continue to believe that the crypto prices are in the late/last stage of a 'mini crypto winter'." He cited analysis from Bitmine advisor Tom DeMark, stating that the ETH price trend is highly correlated with the S&P 500 index in the fall of 2011 and 1987 (correlations of 89% and 93%, respectively). If this analogy holds, the ETH price is expected to bottom out in the range of slightly below the recent low of $1,740 between March 8th and 14th.

Lee revealed that Bitmine accelerated its ETH accumulation pace over the past week, acquiring a total of 60,976 ETH, higher than the previous average of 45,000-50,000 ETH per week. "As the saying goes, no one rings a bell at the bottom, so Bitmine's strategy is to slightly accelerate the accumulation pace."

As of March 8th, Bitmine has staked a total of 3,040,483 ETH, worth $6 billion, accounting for 67% of its total holdings.