On February 17, 2026, BitMine announced its latest holdings update, reporting total crypto assets of $10.7 billion, including a substantial 4.37 million ETH and a $670 million cash reserve. Chairman Tom Lee emphasized the company’s continued accumulation of Ethereum, despite the current market downturn, viewing the dip as an opportunity due to strong long-term fundamentals for Ethereum, which he believes will play a pivotal role in areas like Wall Street tokenization and AI applications. Lee’s remarks came after participating in Consensus Hong Kong, highlighting the contrasting investor sentiment, which reflects the lows of previous crypto winters but lacks the major collapses seen in 2018 and 2022, suggesting a phase of stabilization in the market.
Bitmine reports $10.7B in crypto assets, largest ETH treasury
