Bitmine Immersion Technologies purchased 40,000 ETH for $71.6M from FalconX and Kraken, bringing its total holdings to 5.74 million ETH, roughly 4.8% of

The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Bitmine buys 42,197 ETH for $74M, reaching 95% of its 5% supply target as Strategy sells Bitcoin to fund dividends in the opposite direction.