BitMine Immersion Technologies bought an additional 32,447 Ether worth $81 million last week, taking its total holdings to 5,847,611 as of Aug. 23, valued at $15 billion. The company said it holds about 4.8 percent of Ethereum’s total supply and needs about 187,000 more Ether to reach its self-set 5 percent target. It has staked 87 percent of its holdings and expects $330 million in annual staking income.

Bitmine Immersion Technologies\' valuation of its Ethereum holdings rose by $2.2 billion in a day as prices surged, taking its portfolio value to $13.2 billion, according to an operating report. The company holds 5,815,000 ether, about 4.8 percent of circulating supply, and has been buying weekly for more than a year. DropsTab put its unrealised loss at $6.09 billion. Chairman Tom Lee linked long-term demand to AI and robotics.