BitMine has acquired 50,928 ETH over the past week, bringing its reserves to 4.47 million ETH, which accounts for 3.71% of Ethereum's market supply.

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1/ BitMine provided its latest holdings update for March 2nd, 2026:

$9.6 billion in total crypto + "moonshots":
— 4,473,587 ETH at $1,976 (@coinbase)
— 193 Bitcoin (BTC)
— $200 million stake in Beast Industries @MrBeast
— $14 million stake in Eightco…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) March 2, 2026

BitMine aims to accumulate 5% of the ETH supply in the long term.

“BitMine is methodically executing its investment strategy in Ethereum, advancing through the final stages of this 'mini-crypto winter.' Recent geopolitical uncertainty has increased as the U.S. has begun military actions against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks,” said the company's chairman, Tom Lee.

He believes the current correction presents an "attractive" entry point for the asset, and that the price of ETH does not reflect its high utility and role in the future financial sector.

The company plans to launch its own staking solution, MAVAN, in the first quarter. As of March 1, BitMine has locked 3.04 million ETH, which theoretically translates to an annual revenue of $172 million based on current conditions. If the entire ETH balance is utilized, this figure could reach $253 million.

Source: BitMine.

The value of BitMine's accumulated ETH, the second-largest cryptocurrency by market cap, is approximately $8.94 billion. The company also holds:

  • 193 BTC;
  • shares in Beast Industries worth $200 million;
  • a stake in Eightco Holdings valued at $17 million;
  • $898 million in cash.

In terms of cryptocurrency treasury value, BitMine ranks second among public companies, only behind the leader in the DAT segment, Strategy.

Strategy Expands Its Lead

Strategy purchased 3,015 BTC over the past week for approximately $204.1 million, with an average price of $67,700 per coin.

Strategy has acquired 3,015 BTC for ~$204.1 million at ~$67,700 per bitcoin. As of 3/1/2026, we hodl 720,737 $BTC acquired for ~$54.77 billion at ~$75,985 per bitcoin. $MSTR $STRChttps://t.co/o9WaALcjan

— Strategy (@Strategy) March 2, 2026

The company's Bitcoin reserve has reached 720,737 BTC, with a total expenditure of $54.77 billion since August 2020, averaging $75,985 per BTC.

As of this writing, the value of the company's treasury is estimated at ~$50 billion.

To finance its recent Bitcoin purchases, Strategy sold shares worth $237 million at market conditions.

Meanwhile, ProCap Financial, led by Anthony Pompliano, acquired 450 BTC, increasing its crypto reserve to 5,457 BTC and lowering the average purchase cost of its assets.

We have acquired another 450 bitcoin at $BRR.

We continue to aggressively repurchase shares trading below NAV.

“Our disciplined approach to our balance sheet has put us in a position to play offense now that Bitcoin has significantly fallen from the all-time high.” pic.twitter.com/r66vFoURlP

— Anthony Pompliano 🌪 (@APompliano) March 2, 2026

At the same time, the company repurchased 782,408 of its own shares, which it believes are undervalued by the market.

“Why buy more bitcoins when your shares are trading at a discount to NAV? It makes much more sense to use that money to buy shares at a lower price. It’s a cheaper way to acquire BTC than paying full price on the market,” commented noted Bitcoin critic Peter Schiff.

Pompliano agreed with this reasoning and clarified that the firm is utilizing the maximum allowable buyback volume under regulations.

As a reminder, at the end of February, the volume of short positions on Strategy's shares reached $6 billion with the company's market capitalization at $42 billion.