Bitmine increases his Ethereum treasure to 61 ETH; Tom Lee sees the end of the mini-winter.
- Bitmine buys 61 thousand Ethereum and expands corporate reserves
- Ethereum price returns to $2 as Bitcoin surges.
- Tom Lee suggests possible end to the crypto mini-winter.
Bitmine Immersion Technologies has once again increased its exposure to Ethereum by adding approximately 61 ETH to its corporate treasury. This move occurred as the asset's price surged above $2.000, mirroring the recent recovery in the cryptocurrency market.
With the new acquisition, the total volume of Ethereum held by the company reached approximately 4.534.563 tokens. The move comes at a time of renewed interest in digital assets, with Bitcoin trading near $69.000.
The rise in cryptocurrency values is occurring alongside the volatility observed in traditional markets and the geopolitical tensions involving Iran, factors that have influenced the behavior of global investors.
Data released by the company on March 8, 2026, indicates that Bitmine's asset portfolio — including cryptocurrencies, cash, and strategic investments — totals approximately US$10,3 billion.
A large portion of this value is concentrated in Ethereum. The company owns approximately 4,53 million ETH, valued at around US$1.965 per unit. In addition, its balance sheet includes 195 Bitcoins, approximately US$1,2 billion in cash, and stakes in other companies.
These investments include a stake of approximately US$200 million in Beast Industries and about US$14 million in Eightco Holdings.
With this position, Bitmine controls approximately 3,76% of the total Ethereum in circulation. This volume makes the company the largest corporate ETH treasury in the market.
The company's president, Tom Lee, stated that current market signals may indicate the end of what he described as a "mini crypto winter." This assessment takes into account studies by strategist Tom DeMark.
According to Lee, models developed by DeMark indicate that Ethereum's recent behavior shows statistical similarities to historical recovery periods in the S&P 500 index.
The analyses show a correlation of approximately 89% and 93% with movements observed after periods of market stress recorded in 1987 and 2011. Interpreting these patterns suggests the possibility of a bottom forming between March 8th and 14th, slightly below the recent low near US$1.740.
Bitmine has also been increasing its pace of purchases. In the last week alone, the company acquired 60.976 ETH, a volume above the previous average of weekly acquisitions, which ranged between 45 and 50 tokens.
Another important element of the strategy involves generating income through staking. Currently, approximately 3.040.483 ETH are being validated on the Ethereum network, valued at approximately US$6 billion.
This amount represents approximately 67% of all Ethereum held by the company.
According to Lee, staking already generates approximately US$174 million in annualized revenue. The expectation is that this value could reach around US$259 million per year when all of Ethereum is integrated into the Made in America Validator Network (MAVAN).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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