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CryptoMediumUpdated×2•Originally published 2 March 2026•Updated 2 March 2026•

1 min read

BitMine Shares and Ethereum Jump 10% Following Treasury Expansion and Tom Lee's Bottom Call

Key Facts

1BitMine Immersion Technologies added 50,928 ETH to its treasury.

3 months ago

Version History

Version 23 months ago

What changed: Updated the story to quantify the market reaction, specifying a 10% jump in BitMine shares and Ethereum's price following the announcement.

Version 13 months ago

What changed: The market reacted positively with a jump in both BitMine shares and Ethereum, while clarifying that the accumulation occurred during last week's price decline.

BitMine Immersion Technologies shares and Ethereum (ETH) prices jumped 10% following the company's announcement of a significant expansion in its digital asset holdings. The company revealed it acquired 50,928 ETH last week, taking advantage of a recent price dip to bolster its treasury position. This acquisition brings BitMine's total staked ETH to over 3.04 million, representing approximately 3.71% of the total circulating supply. The aggressive accumulation supports the upcoming launch of the MAVAN staking network in Q1 2026, coinciding with founder Tom Lee’s prediction of a market bottom in March. This 10% rally signals robust institutional confidence in Ethereum’s long-term value despite recent market volatility. Market participants are closely monitoring these moves, as such concentrated institutional ownership could significantly influence future price dynamics.