⛓️ Crypto🟢 BullishImportance 7/10Actionable

BitMine Acquires 60,000 ETH; Chair Discusses Outlook For Ethereum And Crypto Prices

NewsBTC|Ronaldo Marquez|March 10, 2026 at 09:00 AM

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🤖AI Summary

BitMine Immersion Technologies acquired nearly 61,000 ETH, bringing their total holdings to 4.5 million tokens representing 3.76% of Ethereum's total supply. CEO Tom Lee believes crypto is in the final stages of a 'mini-crypto winter' and predicts ETH could hit its lowest point between March 8-14, potentially dropping to around $1,740.

Key Takeaways

→BitMine acquired 60,976 ETH in their largest weekly purchase of 2026, now holding 4.5 million ETH total.
→The company controls 3.76% of total Ethereum supply and is 75% toward their 'Alchemy of 5%' target.
→BitMine has $6 billion worth of staked ETH and total assets of $10.3 billion including cash and other crypto.
→CEO predicts ETH will hit its lowest point between March 8-14, potentially dropping to around $1,740.
→BitMine is increasing ETH accumulation pace from 45,000-50,000 per week to over 60,000 ETH weekly.

Mentioned Tokens

$BTC$71,160▲+4.7%

$ETH$2,068▲+3.3%

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#bitmine #ethereum #eth #acquisition #corporate-holdings #crypto-winter #price-prediction #staking #accumulation

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