Bitmine increased its holdings by 51,162 ETH last week. Tom Lee still remains optimistic about Ethereum's fundamentals.

GateUser-6433627c · 2026-02-23T13:35:42+00:00

Bitmine announced that its total value of cryptocurrencies and cash amounts to $9.6 billion, holding assets such as 4,422,659 ETH and 193 Bitcoin. The Executive Chairman stated that they will continue to implement financial strategies, increase their ETH holdings, and remain optimistic about the fundamental development of Ethereum.

GateUser-6433627c

2026-02-23 13:35:42

Abstract generation in progress

On February 23, Bitmine announced that the total value of its held cryptocurrencies, cash, and “high-risk high-reward investment projects” now amounts to $9.6 billion. As of 6:00 PM Eastern Time on February 22, 2026, the company’s crypto holdings include: · 4,422,659 ETH · 193 Bitcoin · $200 million in Beast Industries equity · $17 million in Eightco Holdings equity · $691 million in cash Bitmine Executive Chairman Thomas “Tom” Lee stated that during this “mini crypto winter,” we remain focused on executing our financial strategy in an orderly manner, steadily increasing ETH holdings, and optimizing portfolio returns. Despite the bottoming of crypto prices, Ethereum’s three main fundamental drivers continue to strengthen: · Wall Street and its tokenization strategies · AI and AI agents using smart blockchain for execution and payment collection · Emerging creator economy and its demand for blockchain verification

ETH4.01%

BTC2.37%

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