BitMine Immersion has acquired 14,618 ETH for $44.3 million, boosting its total Ethereum holdings to 3.63 million tokens. This acquisition positions the company, led by Tom Lee, as the largest corporate holder of Ethereum, now controlling 3% of the circulating supply. The company plans to launch its Made in America Validator Network (MAVAN) in early 2026, marking a strategic pivot from Bitcoin mining to Ethereum treasury management and staking initiatives. This move underscores BitMine's commitment to expanding its presence in the Ethereum ecosystem.