Wu said that BitMine Immersion Technologies (NYSE: BMNR) announced that as of December 7, the company holds 3,864,951 ETH, of which 138,452 ETH were newly purchased last week. Based on the disclosed price of $3,139/ETH, this week's increase is approximately $435 million. BitMine currently holds about 3.2% of the total supply of ETH, and the company aims to advance this to a 5% share. In addition to ETH, BitMine also holds 193 BTC, $1 billion in cash, and $36 million in 'moonshot' equity, bringing the total asset scale to $13.2 billion.