Bitmine Immersion Technologies purchased 75,000 ETH worth $123 million from Kraken and FalconX, pushing its treasury past 5% of total Ethereum supply.

Bitmine purchased 126,971 ETH for about $207M, lifting its treasury to 5.54M tokens worth $9B as ether trades near 30% below its April highs.

Bitmine Immersion Technologies purchased 75,000 ETH worth $123 million from Kraken and FalconX, pushing its treasury past 5% of total Ethereum supply.