Wu said that Tom Lee's BitMine Immersion Technologies (NYSE: BMNR) announced that it currently holds over 833,000 Ethereum, with a total value of approximately 2.9 billion dollars, becoming the largest ETH reserve entity in the world. BMNR has accelerated its accumulation in the past 35 days, aiming to hoard 5% of the circulating supply of ETH and earn yields through staking. Investors behind BitMine include Bill Miller III, Cathie Wood, and Peter Thiel's Founders Fund.