BlockBeats News, March 2 — According to official sources, BitMine announced today that the total value of its held cryptocurrencies, cash, and “high-risk, high-reward investment projects” amounts to $9.9 billion. As of 2:00 PM Eastern Time on March 1, 2026, the company’s crypto assets include:
· 4,473,587 ETH
· 195 Bitcoin
· $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 Executive Chairman Thomas “Tom” Lee stated: “As we gradually emerge from the ‘mini crypto winter,’ Bitmine is steadily executing our Ethereum financial strategy. Recent days have seen increased geopolitical uncertainty — the U.S. has taken military action against Iran, and the effects are expected to reflect in the financial and digital asset markets over the coming weeks. We continue to steadily increase our ETH holdings and optimize our position for returns.”
Lee revealed that last week, Bitmine increased its ETH holdings by 50,928 ETH. “We believe this correction is attractive; the price of ETH has not yet reflected its high practicality as the future financial core.”
As of March 1, Bitmine’s staked ETH totaled 3,040,483 ETH, worth $6 billion, accounting for 68% of its total holdings. Bitmine’s self-operated staking annualized return is 2.86%, and its “Made in America Validator Network” plan is set to be deployed in early 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock "Ethereum Staking ETF" Makes a Splash! First Day Trading Volume Exceeds $15.5 Million
BlackRock's "iShares Ethereum Staking Trust ETF (ETHB)" achieved first-day trading volume exceeding $15.5 million, marking a milestone for institutional capital entering Ethereum. This ETF holds Ethereum and conducts staking, providing investors with price appreciation and staking rewards. ETHB is expected to stake 70% to 95% of its Ethereum holdings, with 82% of yields distributed monthly to holders.
区块客19m ago
ShapeShift Founder Erik Voorhees Accumulates $56M ETH
Erik Voorhees has resumed significant Ethereum buying, accumulating 23,393 ETH worth over $56 million after a year-long pause. Despite previously selling holdings, his latest purchases indicate renewed confidence in Ethereum's future.
TodayqNews40m ago
ETH 15-minute rise of 0.84%: Short-term capital inflow and futures liquidations drive rapid price increase
March 16, 2026, 10:45-11:00 (UTC): ETH price achieved a +0.84% return within the short-term cycle, with a price range of 2258.25 to 2278.47 USDT and volatility of 0.90%. Affected by the abnormal movement, market attention increased significantly, volatility intensified in the short term, and investors showed active short-term trading activity.
The main drivers of this abnormal movement were short-term large capital inflows and a significant increase in long position trading volume in the futures market. On-chain data shows that ETH transfer transactions increased approximately 12% compared to the previous hour within this time window, with multiple large-scale capital flows directed toward DeFi.
GateNews52m ago
Why Does Vitalik Buterin Want A Simpler Ethereum?
Vitalik Buterin has again raised a powerful idea about the future of Ethereum. He believes running a node should remain simple and accessible for everyone. His proposal focuses on expanding Ethereum node access so regular users can participate directly in the network. Many blockchain networks
Coinfomania1h ago
Crypto Market Cap Surges Past $2.5T As Bitcoin and Ethereum Rally
The crypto market is recovering, with a market cap of $2.52T and a 3.23% increase. Bitcoin and Ethereum rose by 3.20% and 7.28%, respectively. Other gains include D ($D) at 728.37%. DeFi TVL and NFT sales also increased, while the Australian Senate supports a crypto regulatory framework.
BlockChainReporter1h ago
Virtuals Protocol (VIRTUAL) Shows AI Agents Can Thrive Off Ethereum – Here’s What That Means
Virtuals Protocol is making significant strides in the crypto and AI sectors with innovative features like the ERC-8183 token for trustless payments between AI agents. Recognized as a top altcoin, it fosters real-world applications, driving demand and growth for its ecosystem.
CaptainAltcoin1h ago
