BitMine Immersion Technologies, chaired by Fundstrat’s Thomas “Tom” Lee, has made another bold move into the crypto market. The company has taken into its reserves minerals worth $ 820 million in Ethereum (ETH), which is in line with the drastic recovery of the token’s price. The acquisition establishes BitMine’s good standing of BitMine as an institutional buyer of digital assets, and this indicates a rising positive confidence in the prospects of Ethereum in the long term.

BitMine Expands Ethereum Holdings Amid Market Recovery

According to an official statement, BitMine has expanded its Ethereum treasury to 2.83 million ETH, valued at over $13.4 billion when combined with its cash and equity reserves. The firm’s total portfolio now includes 2,830,151 ETH, 192 Bitcoin, $456 million in cash, and a $113 million equity stake in Eightco Holdings (NASDAQ: ORBS).

This expansion places BitMine as the world’s largest Ethereum treasury and the second-largest overall crypto holder, trailing only Strategy Inc. It has over 640,000 BTC valued at roughly 79 billion dollars in (MSTR). According to their investment strategy, Tom Lee seems to target the increasing popularity of Ethereum in terms of decentralized finance and tokenized assets that remain a target of major institutional investors.

The move is also supported by the recent rebound of Ethereum. ETH climbed to $4,598, gaining 1.85% in 24 hours and soaring 211% in the last six months, according to TradingView data. The rally has pushed ETH’s year-to-date rise to nearly 38%. Growing optimism around staking, ETF approvals, and blockchain integration in traditional finance has driven renewed demand for the token.

BitMine’s stock (BMNR) reacted strongly to the announcement, rising 5.93% to $60.01. The firm’s shares have surged 631% since January and 782% over the past six months, making it one of the top-performing blockchain-related equities on Wall Street.

Institutional Inflows Signal Strength in Ethereum’s Momentum

Fresh CoinShares data reveals institutional inflows into Ethereum reached $1.48 billion last week, setting a record $13.7 billion in year-to-date inflows, nearly triple last year’s total. It is an indication that institutional interest in Ethereum is rising at a time when exchange supply is falling as more investors move tokens into long-term custody.

Bitcoin remains at the top with the weekly inflows of $3.55 billion and annual inflows of $27.5 billion. However, as Ethereum gains ground due to the introduction of the first staking ETF, it points to a structural change towards increased institutional usage.

BitMine is now the 28th most-traded stock in the United States, just after JPMorgan, and ahead of Nike, when measured by average daily trading volume of $2.5 billion. The rate at which Ethereum is rebounding is driving the growth of digital assets and equity markets, which can be emphasized by how the company aggressively accumulated and gained confidence among investors.