Bitmine, led by Tom Lee, has increased its Ethereum holdings by nearly 100,000 ETH, worth approximately $344.4 million, bringing its total ETH stake to 908,192 ETH valued at $2.95 billion. The firm now holds about 3.43% of the circulating Ethereum supply and aims to acquire 5%. Industry analysts suggest Bitmine’s growing staking activity may reduce selling pressure and support potential price appreciation in the near term.