BitMine Immersion Technologies has significantly bolstered its Ethereum treasury, now valued at nearly $8 billion. The firm added approximately $900 million in ETH last week alone, increasing its total holdings to 1.71 million ETH, which constitutes about 1.5% of the entire Ethereum supply. This follows their recent trend of capital raising from institutional investors, with BitMine's Chairman, Tom Lee, emphasizing their strategic focus on Ethereum as a key asset for the future. The increase in their crypto net asset value (NAV) per share by 75% since July reflects their aggressive strategy of acquiring Ethereum in anticipation of its increasing role in the financial sector. Shares of BMNR have surged by over 36% this month, aligning with the broader upward trend of Ethereum prices, which recently hit new all-time highs. Lee reiterated the firm's commitment to not slowing down its crypto purchases, highlighting Ethereum’s pivotal role in transforming financial systems amid growing institutional interest.

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