Bitmine boosted ETH holdings to 5.62 million tokens, or 4.66% of supply, as Tom Lee cites "early stages of crypto spring."

BitMine Immersion Technologies expanded its leading Ethereum treasury to more than 5.6 million ETH valued at greater than $10 billion.

Tom Lee's Ethereum treasury firm, through the preferred stock sale, is using a financing tool pioneered by Michael Saylor's bitcoin treasury firm Strategy.