Bitmine Immersion Technologies bought 20,000 ETH for $35.85 million from FalconX, expanding its treasury past 5.5 million ETH as part of Tom Lee's Ethereum

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

Bitmine's crypto, cash, securities, and strategic holdings now total $10.4 billion, with the company closing a preferred stock offering.