16:10 ▪
4
min read ▪ by
BitMine is clearly accelerating on Ethereum (ETH). The company added 60,976 ETH to its reserves, bringing its total reserves to around 4.5 million ETH. This move confirms a simple strategy: to bet stronger on Ethereum crypto just as the market is trying to exit a weak phase.
In short
- BitMine significantly increases its exposure to the Ethereum cryptocurrency by purchasing 60,976 ETH.
- The company now controls about 3.76% of the ETH supply and is accelerating its strategy.
- The market remains fragile, but this bet shows that some players are already anticipating what’s coming next.
BitMine takes its ETH strategy even further
The signal is important because BitMine is already presented as the largest holder of crypto ETH. After this new purchase, the company controls about 3.76% of Ethereum’s circulating supply, 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, crypto Ethereum is once again crossing the $2,000 zone, after a more fragile passage over the weekend. This rebound doesn’t change everything, but it adds momentum to BitMine’s offensive. The company is not buying cryptocurrency in full euphoria. It strengthens its position in a zone that the market is still debating.
The most striking point remains the pace. BitMine explains that it has increased its buying rate, from an average of 45,000 to 50,000 ETH per week to a recent acquisition of 60,976 ETH. This reflects an anticipated increase in scale, not a simple one-off operation.
The company doesn’t just collect cryptocurrencies. It also states that it has more than 3 million ETH staked, with a valuation of around $6 billion based on the ETH price of $1,965 at the time of the announcement. When we add cash and other digital assets, BitMine is talking about $10.3 billion in total assets.
Ethereum remains under pressure, but the market is breathing a little
In the market, the message is less clear. Ethereum is once again trading above $2,000, with prices seen around $2,040-$2,060 on March 10, 2026, according to major tracking platforms. This return above the psychological threshold counts because the zone was briefly lost a few days ago.
However, Tom Lee estimates that crypto is still going through the end of a “mini crypto winter”. His scenario remains cautious in the short term: according to an analysis mentioned by BitMine and forwarded by Benzinga, Ethereum could still bottom between March 8 and 14, potentially below the recent low near $1,740.
This is where the reading gets interesting. On the one hand, the market is showing some resistance. On the other hand, analysts close to the case do not rule out the latest shock. This mismatch is typical of a crypto market in transition: buyers are returning, but have not yet fully taken control.
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Lydia, a teacher and IT engineer, discovers Bitcoin in 2022 and dives into the world of cryptocurrencies. It popularizes complex topics, deciphers Web3 challenges and defends the vision of an open, inclusive and decentralized digital future.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.
