BitMine increased its holdings by 60,976 ETH last week. Tom Lee reiterates that the current phase is the "end of the bear market."

ChainCatcher reports that, 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 $10.3 billion. As of 4:00 PM Eastern Time on March 8, 2026, the company’s crypto assets include:
· 4,534,563 ETH
· 195 Bitcoin
· $200 million in Beast Industries equity
· $14 million in Eightco Holdings equity
· $1.2 billion in cash

Bitmine Executive Chairman Thomas “Tom” Lee stated: “This week, amid concerns over war and soaring oil prices, Ethereum prices have shown resilience. We continue to believe that crypto prices are in the late or final stages of a ‘mini crypto winter.’” He cited analysis from Bitmine advisor Tom DeMark, noting that ETH price movements are highly correlated with the S&P 500 index in fall 2011 and fall 1987 (correlations of 89% and 93%, respectively). If this analogy holds, ETH prices are expected to bottom out between March 8 and 14, slightly below the recent low of $1,740.

Lee revealed that over the past week, Bitmine accelerated its ETH accumulation, adding 60,976 ETH, exceeding the previous weekly average of 45,000 to 50,000 ETH. “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 8, Bitmine’s staked ETH totaled 3,040,483, worth $6 billion, accounting for 67% of its total holdings.