Tom Lee-backed Bitmine Immersion has purchased an additional $103 million in Ethereum, bringing its total ETH holdings to $12.6 billion.

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BitMine Immersion Technologies reported total crypto and cash holdings of $11.6B as of September 28.

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BitMine Immersion Technologies disclosed Monday that it increased its ether holdings by about 33% over the past week, bringing the total to $8.8B and solidifying its position as the largest corporate ether treasury.

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BitMine Immersion Technologies disclosed on Monday that its Ether holdings surged to $6.61B, up from $4.96B only a week earlier,

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Ether briefly surged above $4,300 for the first time in over three years, climbing approximately 15% this month following a 49% gain last month.

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As of August 3, BitMine owned 833,137 ETH, with Ethereum trading around $3,615, bringing the total value of its ETH holdings to over $3 billion.

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BitMine Immersion Technologies has surpassed $2 billion in Ethereum holdings, accumulating 566,776 ETH valued at $3,643.75 per coin as of July 23.

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