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 U.S. dollars. 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 shares
· $14 million worth of Eightco Holdings shares
· Total cash amount of $1.2 billion
Bitmine’s CEO Thomas “Tom” Lee stated: “This week, against the backdrop of war concerns and surging oil prices, the price of Ethereum has shown resilience. We continue to believe that the crypto prices are in the late stage/the final stage of the ‘mini crypto winter’.” He cited the analysis of Bitmine advisor Tom DeMark, stating that the price trend of ETH 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 price of ETH is expected to bottom out in the range slightly below the recent low of $1,740 during the period from March 8th to 14th.
Lee revealed that Bitmine has accelerated its pace of ETH accumulation in the past week, acquiring a total of 60,976 ETH, exceeding the previous average of 45,000-50,000 ETH per week. “As the saying goes, no one rings the bell at the bottom, so Bitmine’s strategy is to slightly accelerate the accumulation pace.”
As of March 8th, Bitmine’s total staked ETH amount reached 3,040,483 ETH, worth $60 billion, accounting for 67% of its total holdings.
