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CryptoMedium•30 March 2026•

1 min read

Bitmine Expands Ethereum Holdings to $9.8B, Citing Its Role as a Wartime Safe Haven

Key Facts

1Bitmine Immersion Technologies added 71,179 ETH to its treasury since March 23rd.

2The firm's total holdings reached 4,732,082 ETH, valued at approximately $9.8 billion, representing nearly 3.9% of global supply.

3Chairman Tom Lee stated that Ethereum outperformed equities and gold during the current conflict.

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Bitmine Immersion Technologies has significantly increased its Ethereum (ETH) treasury, adding approximately 71,179 units since March 23rd. The company's total holdings have now reached 4,732,082 ETH, valued at nearly $9.8 billion and representing roughly 3.9% of the global supply. Chairman Tom Lee highlighted that Ethereum has outperformed traditional equities and gold during the current period of geopolitical instability. Lee framed the cryptocurrency as a superior 'wartime store of value,' arguing that its performance validates its role as a modern safe-haven asset. This strategic accumulation reflects a broader institutional shift toward digital assets amid rising global tensions and economic uncertainty. By controlling a significant portion of the circulating supply, Bitmine is positioning itself at the forefront of Ethereum's institutional adoption.