TechFlow News, March 9: According to a PR Newswire report, Bitmine Immersion Technologies (NYSE: BMNR) announced on March 9, 2026, that its total holdings of cryptocurrency and cash have reached $10.3 billion.
As of March 8, 2026, the company held 4.535 million ETH, valued at approximately $8.9 billion at $1,965 per ETH—representing 3.76% of Ethereum’s total network supply. This achievement marks roughly 75% progress toward the company’s stated goal of holding 5% of Ethereum’s total supply. Of this, 3.04 million ETH has been staked, generating an estimated annual staking income of $174 million.
Tom Lee, Chairman of the company, stated that the company acquired an additional 60,976 ETH over the past week—exceeding its previous weekly average purchase volume of 45,000–50,000 ETH—and assessed that ETH’s price is nearing the end of a “crypto mini-winter,” with the bottom potentially forming between March 8 and March 14.
