$ETH BitMine Immersion Technologies, the largest Ethereum treasury firm, bought 138,452 tokens last week, increasing its total holdings to 3.86 million ETH.

The firm's latest purchase is valued at approximately $435 million, marking its largest weekly acquisition in at least a month.

Chairman Thomas Lee cited Ethereum's Fusaka upgrade and macroeconomic factors as reasons for the firm's increasing the pace of its accumulation strategy.