According to Wu, BitMine Immersion Technologies (NYSE: BMNR) under Tom Lee announced that it currently holds over 833,000 Ether, valued at approximately $2.9 billion, making it the world's largest ETH reserve entity. BMNR has accelerated its Build a Position over the past 35 days, aiming to accumulate 5% of the circulating supply of ETH and earn returns through staking. Investors behind BitMine include Bill Miller III, Cathie Wood, and Peter Thiel's Founders Fund.

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