Bitmine Immersion Technologies said it raised its Ethereum treasury to 6,028,946 ETH after buying 12,532 tokens in the past week, equal to 4.9% of Ethereum's 122.1 million supply. At $2,544 per ETH, the holdings are worth about $15.3 billion, with 5,067,309 ETH staked and annualized staking revenue projected at $336 million. Total crypto, cash and other holdings were $16.2 billion as of Oct. 11. Chairman Tom Lee said ether outperformed the S&P 500 by 6,832 basis points in the third quarter and cited tokenization, wealth transfers and digital asset treasuries as drivers.

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