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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

Digital illustration of cryptocurrency market downturn with a large Ethereum coin, Bitcoin and Solana logos, multiple charts showing losses, a red downward arrow, and scattered crypto coins.

Key Facts

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

Version History

2 additional sources confirmed this story

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.