BitMine buys 50,900 ETH, raising total holdings to 4.47M ETH, about 3.7% of Ethereum’s circulating supply. Chairman Tom Lee targets up to 5% of total ETH supply through BitMine’s large-scale Ethereum accumulation strategy. BitMine continues buying ETH during market weakness while holding hundreds of millions of dollars in cash.  Tom Lee is increasing exposure to Ethereum through BitMine as digital asset markets face uncertainty. The firm recently purchased more than 50,900 ETH, pushing its total holdings to about 4.47 million ETH. The accumulation places BitMine among the largest corporate holders of Ethereum and represents roughly 3.7% of the circulating supply. BitMine Expands Ethereum Treasury BitMine confirmed the purchase of about 50,900 ETH as part of its treasury strategy. The acquisition raised the company’s Ethereum holdings to around 4.47 million ETH. The amount represents close to 3.7% of Ethereum’s circulating supply. This level of ownership places the firm among the largest institutional holders of the asset. TOM LEE IS DOUBLING DOWN — EVEN IN A “CRYPTO WINTER” BitMine just made another aggressive move. The firm purchased roughly 50,900+ ETH, bringing its total holdings to about 4.47M $ETH — roughly 3.7% of circulating supply. That’s not a small treasury bet. Tom Lee says the… pic.twitter.com/dygNzI5rl4 — CryptosRus (@CryptosR_Us) March 4, 2026 The purchase comes during a period many market participants describe as a crypto winter. Prices across digital assets have remained volatile, while global events continue to affect market sentiment.BitMine has continued to accumulate despite these conditions. The firm holds hundreds of millions of dollars in cash alongside its digital asset treasury. Tom Lee Maintains Bullish Market Outlook Tom Lee, chairman of BitMine, has supported continued buying during the market downturn. He has stated that the company views the pullback as an opportunity.Lee said he expects both stocks and crypto assets to move higher in March. He believes markets may be entering the later stages of a bottoming process. “Markets are likely in the late stages of bottoming despite war headlines,” Lee said when discussing the outlook. His view reflects a strategy focused on long-term positioning rather than short-term price movement. The company continues to add assets while market conditions remain uncertain. Strategy to Accumulate and Stake Ethereum BitMine’s broader plan centers on acquiring and staking Ethereum at scale. Staking allows holders to support network operations while earning rewards. The firm already holds more than 4.4 million ETH on its balance sheet. This level of accumulation reflects a treasury approach centered on Ethereum rather than a diversified basket. WHO IS TOM LEE? ETHEREUM’S MICHAEL SAYLOR As Chairman of Bitmine, now the #2 digital asset treasury company, Tom Lee is leading an aggressive strategy to acquire and stake ETH at scale, with over 4.4M ETH on the balance sheet and a long-term goal of securing 5% of total supply.… pic.twitter.com/KLlVwUFg5A — Arkham (@arkham) March 4, 2026 Lee and the company have discussed an ambition to secure up to 5% of Ethereum’s total supply over time. Achieving this level would require continued purchases and long-term holding. The strategy has drawn comparisons with corporate Bitcoin accumulation models used by other companies. In this case, Ethereum is the primary treasury asset. Institutional Positioning During Market Weakness Large treasury purchases during market weakness often attract attention across the crypto sector. Corporate buying can signal how institutional investors view market cycles. BitMine’s continued accumulation indicates that the company is positioning beyond short-term volatility. The firm has maintained its buying strategy even as prices fluctuate. The company’s holdings now represent a large portion of circulating Ethereum. This scale places BitMine among the most visible institutional participants in the Ethereum market. Lee’s role as chairman has also drawn interest from market observers. His strategy centers on long-term Ethereum exposure and active participation in the network through staking. The post Tom Lee doubles down as BitMine boosts Ethereum holdings to 4.47M ETH appeared first on Live Bitcoin News.

Read full article on LIVE BITCOIN NEWS