Bitmine Immersion Technologies, associated with Tom Lee, added 101,627 ETH last week. This purchase brought its total holdings to 4.976 million ETH, representing approximately 4.12% of Ethereum’s total supply of around 120.7 million ETH.

The company continues its strategy of accumulating Ethereum as a core treasury asset, with recent announcements highlighting steady growth in its crypto and cash holdings reaching $12.9 billion.