Crypto: BitMine Now Holds 3.76% of Ethereum’s Total Supply

BitMine is clearly accelerating on Ethereum (ETH). The company has added 60,976 ETH to its reserves, bringing its total stock to about 4.5 million ETH. This move confirms a simple strategy: to bet stronger on Ethereum crypto just as the market tries to exit a weakness phase.

BitMine pushes its ETH strategy even further

The signal is important because BitMine is already presented as the largest holder of ETH crypto. After this new purchase, the company controls about 3.76% of the circulating supply of Ethereum, a rare level for a publicly traded company. This figure alone is enough to show that this case is no longer just a tactical investment.

At the same time, Ethereum crypto crosses above the $2,000 zone again, after a more fragile passage during the weekend. This rebound does not change everything, but it adds momentum to BitMine’s offensive. The company is not buying a crypto in full euphoria. It is strengthening its position in a zone still debated by the market.

The most striking point remains the pace. BitMine explains having increased the rate of its purchases, going from an average of 45,000 to 50,000 ETH per week to a recent acquisition of 60,976 ETH. This reflects an assumed increase in scale, not a simple one-time operation.

The company is not just stacking crypto. It also states having more than 3 million ETH staked, with a valuation around $6 billion based on an ETH price of $1,965 at the time of its communication. Adding cash and other digital assets, BitMine speaks of total assets of $10.3 billion.

Ethereum remains under pressure, but the market breathes a little

In the market, the message is less clear-cut. Ethereum trades again above $2,000, with prices observed around $2,040 to $2,060 on March 10, 2026, according to major tracking platforms. This return above a psychological threshold counts, as the zone had been briefly lost a few days earlier.

Tom Lee estimates however that the crypto still goes through the end of a “mini crypto winter.” His scenario remains cautious in the short term: according to the analysis mentioned by BitMine and relayed by Benzinga, Ethereum could still mark a bottom point between March 8 and 14, potentially under the recent low near $1,740.

This is where the reading becomes interesting. On one hand, the market shows some resistance. On the other, analysts close to the case do not exclude one last shake. This discrepancy is typical of a crypto market in transition: buyers are returning, but they have not yet fully taken control.