BitMine Immersion Technologies has announced its ambitious plan to acquire 5% of the total Ethereum supply, currently holding over 3 million ETH tokens valued at approximately $13.4 billion. This strategic move comes as the company, under the leadership of Chairman Thomas Lee, seeks to capitalize on market volatility and strengthen its position in the cryptocurrency space. The acquisition has reportedly contributed to a 6% recovery in Ethereum prices, highlighting the impact of BitMine's increased holdings. The company plans to launch a stakes-based validator network and expand its corporate treasury, drawing parallels to MicroStrategy's approach with Bitcoin. This initiative underscores BitMine's confidence in Ethereum's long-term potential, particularly in the context of blockchain and AI integration.