Bitmine increased its holdings by 51,162 ETH last week, and Tom Lee stated that he remains optimistic about Ethereum's fundamentals

Bitmine today announced that the total value of its cryptocurrency holdings, cash, and "high-risk high-return investment projects" is currently reported at $9.6 billion. As of February 22, 2026, 6:00 PM Eastern Time, the company's crypto assets include:

• 4,422,659 ETH
• 193 Bitcoin
• $200 million in Beast Industries equity
• $17 million in Eightco Holdings equity
• Total cash of $691 million.

Bitmine's Executive Chairman Thomas "Tom" Lee stated that during this "mini crypto winter," we remain focused on methodically executing our financial strategy, steadily increasing our ETH holdings, and optimizing our portfolio returns. Despite the crypto prices hitting lows, the three major fundamental drivers for Ethereum continue to strengthen:

• Wall Street and its tokenization strategy
• AI and AI agents using smart blockchain to execute and collect payments
• The emerging creator economy and its demand for blockchain verification.