$BTC $ETH Bitmine Immersion Technologies just dropped another massive buy: 101,901 ETH worth roughly $234 million last week bringing its pace very close to Strategy’s typical weekly Bitcoin purchases. The company, chaired by Fundstrat’s Tom Lee, now holds more than 5 million ETH, equal to 4.21% of Ethereum’s circulating supply. Even more impressive, they’ve staked about 73% of their holdings, generating an estimated $264 million in annualized yield. Unlike many treasury firms that slowed down during the February dip, Bitmine actually accelerated its buying. They sat on nearly $8 billion in unrealized losses earlier this year but kept stacking regardless of price a Strategy-like approach applied to Ethereum. #WHBTCReserveBigReveal