Bitmine Immersion Technologies Inc. (NASDAQ: BMNR) saw its stock rise by 4.16% to close at $22.79 on Monday after announcing a significant acquisition of Ethereum. The company purchased 101,745 ETH, valued at approximately $238 million, increasing its total Ethereum holdings to over 5.18 million ETH, worth more than $12 billion at current market prices. In addition to its aggressive accumulation strategy, Bitmine has staked over 4.36 million ETH, expected to generate $297 million in annual network rewards. Chairman Thomas Lee expressed optimism about Ethereum's resilience amid geopolitical tensions and highlighted the company's strategic ETH purchases as the market nears the end of a downturn. Lee also noted the potential impact of the CLARITY Act on the crypto market, with a 60% chance of passage in 2026, according to prediction markets.