Bitmine Immersion Technologies expanded its corporate Ethereum treasury to 5.28 million ETH tokens as of May 17, giving it control of 4.37% of the total circulating ether supply, the company announced Monday.
At $2,191 per ETH, the Tom Lee-chaired company's ether holdings are valued at approximately $11.6 billion, ranking it as the largest corporate ETH treasury globally and the second-largest corporate crypto treasury overall behind Strategy's 818,869 BTC position valued at $64.1 billion, according to a statement.
The latest figure includes 71,672 ETH acquired in the past week. Bitmine is now 87% of the way to its stated goal of acquiring 5% of the total ether supply, or roughly 6.035 million tokens, a target Lee said the company expects to reach sometime in 2026.
Ether traded at above $2,300 early Monday, according to The Block's ETH price page.
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