Tom Lee's Bitmine bought 75,000 ETH for $123M on June 9, pushing its treasury past 5.4 million ether as it chases a 5% supply target.

The company bought 126,971 ETH last week, worth roughly $214 million at current prices, despite chairman Tom Lee's earlier calls to slow purchases.

Bitmine leverages market dip for Ethereum accumulation strategy, reaching 92% of its target and holding 4.59% of ETH's supply.