Bitmine, Under Tom Lee's Leadership, Is the First Ethereum Treasury to Garner Over 1 Million ETH

Bitmine Immersion Technologies, led by Tom Lee, has become the first company to gather over a million Ethereum (ETH) for its strategic treasury, now valued at around $4.9 billion, a growth of 317,126 ETH and a $2 billion increase in value from the previous week. The company now has the world's largest Ether treasury and the third-largest crypto treasury globally.

With a current portfolio constituting 34% of the total 3.49 million ETH in treasury holdings, Bitmine's shares are now among the most traded in the US. This increase in ETH holdings has boosted its value by over 1,300% since it began stacking and staking ETH.