Bitmine Immersion Technologies acquired 25,000 ETH for $41M, part of 125,000 ETH purchased in three days. The firm now holds 5.54M ETH, nearly 5% of 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 (NYSE:BMNR) made its largest weekly Ethereum