Ethereum jumps above $2,000 as Bitmine lifts its holdings to 4.47M ETH and BMNR stock rises 8% amid renewed market activity.
Ethereum reclaimed the $2,000 level on Monday as market activity increased across digital assets, while Bitmine Immersion Technologies expanded its ETH treasury.
The renewed strength in Ethereum supported a sharp rise in BMNR stock, which moved higher during the trading session as traders reacted to both the token’s recovery and Bitmine’s continued accumulation.
BMNR Stock Rises as Ethereum Reclaims the $2,000 Level
BMNR shares moved sharply higher during the March 2 session as Ethereum regained the $2,000 level.
Trading data shows that the stock rose 8% intraday, with prices reaching a high of $21.02 before settling slightly lower.
The move came on increased trading activity, as more than 18 million shares changed hands across the session.
BMNR rebounds as Ethereum climbs, showing renewed investor interest – TradingView.
The stock’s rise followed Ethereum’s 4% move back into the $2,030 range.
The crypto asset had been trading sideways before climbing again, and this shift provided support to companies with large Ethereum exposure.
Traders monitored both assets as market sentiment improved during the session.
Bitmine Immersion Technologies, the firm behind BMNR, recently added 50,928 ETH to its balance sheet.
This increased its total holdings to 4.474 million ETH, valued at roughly $8.9 billion.
The company now controls about 3.71% of Ethereum’s circulating supply as it continues toward its stated goal of reaching 5%.
Analysts Monitor Ethereum’s Monthly Support for Possible Upside
Technical analysts say Ethereum’s ability to remain above monthly support could be important for future momentum.
In an X post, Trader Tardigrade noted that the structure continues to hold, suggesting buyers remain active near this price area.
Market watchers now look for confirmation as volatility persists across major assets.
$ETH/monthly#Ethereum is still holding above the monthly support, which suggests it may be preparing for a massive pump 🔥
Are you still bullish on ETH? pic.twitter.com/UziNDKDeJh
— Trader Tardigrade (@TATrader_Alan) March 2, 2026
Traders are assessing whether Ethereum can sustain its recovery and move toward higher levels, or if the asset will return to consolidation.
The price reaction around this support zone remains a key marker for future trend direction.
Market participants continue to track volume, derivatives positioning, and liquidity zones as the asset tests these levels.
With Ethereum holding a crucial structure while broader markets fluctuate, traders are preparing for potential directional moves in the coming weeks.
Related Reading: ETH Crashes 60%, Yet TradFi Doubles Down Hard
Bitmine Expands Its Ethereum Treasury and Staking Strategy
Bitmine’s latest financial update shows a balance sheet of $9.9 billion, combining crypto holdings, cash, and strategic investments.
The company also holds 195 Bitcoin and $868 million in cash, while maintaining additional positions across partner firms.
Ethereum remains central to its accumulation plan, supported by ongoing purchases and staking activity.
Tom Lee’s BitMine has added another 50,928 ETH worth $103 million to its treasury, raising its total Ethereum holdings to 4.47 million ETH.
This now represents 3.71% of the circulating supply, reinforcing the firm’s strategy of aggressively expanding its ETH position as market conditions stabilize.
LATEST: 💰 Tom Lee’s BitMine bought another 50,928 ETH for $103 million, bringing its total Ethereum holdings to 4.47 million ETH, representing 3.71% of the circulating supply. pic.twitter.com/2MeS8tRsAg
— CoinMarketCap (@CoinMarketCap) March 2, 2026
The company’s ETH-focused strategy continues to attract trader attention, as the size of its treasury has become a notable factor for market observers.
The approach also aligns with the firm’s long-term goal to hold a meaningful share of Ethereum’s total supply.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions
Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.
区块客18m ago
Yesterday, Ethereum spot ETFs had a total net outflow of $82,851,900, and none of the nine ETFs experienced net inflow.
On March 7th, Ethereum spot ETFs experienced a total net outflow of $82,851,900, with all nine ETFs showing no net inflow. Among them, Fidelity FETH saw an outflow of $67,566,900, and Grayscale ETH Trust experienced an outflow of $5,997,900. As of now, the total net asset value of ETFs is $11.283 billion.
GateNews1h ago
The whale "pension-usdt.eth" has increased its Bitcoin long position to 1,000 coins, with a holding value of nearly $67 million.
Gate News Report, March 8 — According to HyperInsight monitoring, the swing whale "pension-usdt.eth" continued to increase its Bitcoin long positions this morning. As of press time, its Bitcoin long positions have increased to over 1,000 coins, with a holding value of nearly $67 million, currently with an unrealized loss of $460,000.
GateNews2h ago
Brother Ma Ji Huang Licheng's 25x ETH long position was partially liquidated again, with a liquidation price of approximately $1926.
Gate News Report, March 8th, on-chain data shows that due to a short-term slight decline in the market, Big Brother Magi Huang Licheng's 25x Ethereum long position was partially liquidated again. He currently holds 2,500 ETH, with an unrealized loss of about $200,000, and a liquidation price of approximately $1,926.
GateNews3h ago
ETH drops 1.36% in 15 minutes: Deteriorating macro sentiment and liquidity crunch trigger spot selling pressure
From 02:45 to 03:00 on March 8, 2026 (UTC), ETH prices fluctuated sharply within the range of 1,936.0 to 1,969.18 USDT. The 15-minute candlestick yield was -1.36%, with an amplitude of 1.68%. The short-term downtrend intensified, market attention significantly increased, trading activity was high, and panic sentiment dominated.
The main driver of this anomaly was the widespread decline in global risk assets and escalating extreme panic sentiment. Major US stock indices experienced a sharp pullback, and the VIX fear index soared to 29.49 (+24.17%), leading to
GateNews3h ago
