Bitmine (BMNR) acquired 76,881 more ETH, bringing total holdings to 5.62 million. The firm is now the second-largest crypto treasury company after Strategy.

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.

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