BitMine Immersion Technologies bought 40,613 ether, increasing its total to over 4.3 million ETH, valued at $9.2 billion. This acquisition places BitMine as the largest corporate holder of Ethereum, representing 3.58% of the circulating supply. Executive Chairman Tom Lee believes this is a strategic move during a price dip, citing strong network activity despite lower prices.

BitMine Immersion Technologies has increased its ether holdings by 179,251 tokens, bringing its total to over 2.83 million, making it the largest ether treasury firm. The company's total cash and crypto reserves are now valued at $13.4 billion, as it aims to control 5% of ether's supply while benefiting from the rising crypto market. Chairman Thomas Lee expressed confidence in the future potential of ether, viewing it as a key asset for the firm's treasury.