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bitmine

Bitmine increased its holdings by 60,999 ETH last week and added an investment of 80 million dollars in Eightco (ORBS)

According to PR Newswire, Bitmine announced today that its total value of crypto assets, including cash and the "Moon Landing Plan" holdings, has reached $11.5 billion. As of 7:00 PM Eastern Time on March 15, 2026, the company's crypto holdings include 4,595,562 ETH, 196 bitcoins (BTC), a $200 million investment in Beast Industries, an $83 million investment in Eightco Holdings (NASDAQ: ORBS), and a total of $1.2 billion in cash. Bitmine's ETH holdings account for 3.81% of the total ETH supply (120.7 million ETH).In the past week, Bitmine also took two strategic actions. First, Bitmine increased its investment in the existing "Moon Landing Plan" company Eightco (stock code: $ORBS) by an additional $80 million. ORBS acquired a $50 million stake in OpenAI and a $25 million stake in Beast Industries.Lee stated, "ORBS is now the only publicly traded stock in the world that allows investors to directly access OpenAI. The highly anticipated IPO of OpenAI will take place in 2026, and investors can now gain direct investment through ORBS."Additionally, we see a significant synergy between World Chain (proof of humanity), the leading AI platform (OpenAI), and the globally renowned content creator Mr. Beast. Eightco has invited Cathie Wood's ARK to serve as a strategic advisor, further enhancing the appeal of ORBS.Secondly, Bitmine purchased 5,000 ETH from the Ethereum Foundation, enabling EF to fund its core operations. Lee stated, "Bitmine's acquisition of these ETH is to demonstrate our support for EF's goals and operations, and to allow EF to raise funds without having to sell its ETH on the open market."Lee pointed out, "In the past two weeks, Bitmine has slightly accelerated its pace of ETH purchases each week, as our fundamental judgment is that ETH is in the final stage of a 'mini crypto winter.' In the past week, we acquired 60,999 ETH, while the recent average weekly acquisition has been between 45,000 and 50,000 ETH."

The Ethereum Foundation sold 5,000 ETH to BitMine for $10.2 million

The Ethereum Foundation completed an over-the-counter transaction, selling 5,000 ETH to BitMine Immersion Technologies at a price of $2,042.96 each, for a total value of approximately $10.2 million. The transaction was conducted via an on-chain transfer using the Ethereum Foundation's Safe multi-signature wallet. The Ethereum Foundation stated on the X platform that the funds will be used to support the core operations of the Ethereum ecosystem, including protocol development, community funding, and broader ecosystem building.BitMine Immersion Technologies is listed on the American section of the New York Stock Exchange under the ticker BMNR, with Fundstrat co-founder Tom Lee serving as chairman. The company currently holds over 4.5 million ETH, valued at approximately $9.3 billion, and has been continuously increasing its ETH holdings since mid-2025. This is the second time the Ethereum Foundation has sold ETH to corporate buyers through over-the-counter transactions. In July 2025, the foundation sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37, with a transaction value of approximately $25.7 million.The above transactions are part of the financial management framework launched by the Ethereum Foundation in June 2025, which allows the foundation to periodically convert a portion of its ETH holdings into fiat reserves to support operational expenses. Additionally, the Ethereum Foundation recently plans to deploy approximately 70,000 ETH to validator node staking.

BitMine increased its holdings by 60,976 ETH last week, and Tom Lee reiterated that we are currently in the late stage of a "small bear" market

According to official news, Bitmine announced today that the total value of its cryptocurrency, cash, and "high-risk, high-return investment projects" amounts to $10.3 billion. As of March 8, 2026, at 4:00 PM Eastern Time, the company's held crypto assets include:4,534,563 ETH195 Bitcoin$200 million in Beast Industries equity$14 million in Eightco Holdings equityA total cash amount of $1.2 billion.Bitmine Executive Chairman Thomas "Tom" Lee stated, "This week, against the backdrop of war concerns and soaring oil prices, the price of Ethereum has shown resilience. We continue to believe that crypto prices are in the late/final stages of a 'mini crypto winter'." He cited analysis from Bitmine advisor Tom DeMark, noting that the price trend of ETH is highly correlated with the S&P 500 index in the fall of 2011 and the fall of 1987 (with correlations of 89% and 93%, respectively). If this analogy holds, the price of ETH is expected to bottom out slightly below the recent low of $1,740 between March 8 and 14.Lee revealed that in the past week, Bitmine has accelerated its accumulation of ETH, adding 60,976 ETH, which is above the previous weekly average of 45,000 to 50,000. "As the saying goes, no one rings the bell at the bottom, so Bitmine's strategy is to slightly speed up the accumulation pace." As of March 8, Bitmine has staked a total of 3,040,483 ETH, valued at $6 billion, accounting for 67% of its total holdings.
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