Bitmine Reports $9.6 Billion in Assets Amid Crypto Market Challenges

Bitmine announced on February 23 that its total assets, including cryptocurrencies, cash, and high-risk, high-reward investment projects, are valued at $9.6 billion. According to BlockBeats, as of February 22, 2026, at 18:00 Eastern Time, the company's crypto holdings include 4,422,659 ETH and 193 Bitcoin. Additionally, Bitmine holds $200 million in equity from Beast Industries and $17 million from Eightco Holdings, along with a cash total of $691 million. Thomas "Tom" Lee, Bitmine's Executive Chairman, stated that despite the ongoing 'mini crypto winter,' the company remains focused on executing its financial strategy methodically, steadily increasing its ETH holdings, and optimizing portfolio returns. He noted that while crypto prices are bottoming out, Ethereum's three fundamental drivers continue to strengthen: Wall Street's tokenization strategy, the use of smart blockchains for executing and collecting payments by AI and AI agents, and the emerging creator economy's demand for blockchain validation.