BitMine Immersion Technologies added $1.7 billion worth of Ethereum to its treasury, now holding $6.6 billion in total, making it the second largest cryptocurrency treasury. The company plans to continue purchasing Ethereum at a rapid pace, with plans to upsize a stock offering by $20 billion. BitMine’s chairman, Tom Lee, sees Ethereum as a major macro trade opportunity. Treasury companies and Ethereum ETFs now hold more than 8% of the total Ethereum supply. Stock of BitMine was down 2.4% while Ethereum was down 5.1% in the last 24 hours, but both have seen gains over the month.

Read more at Yahoo Finance: BitMine Adds $1.7 Billion in Ethereum, Now Second Behind Strategy in Crypto Treasury Rankings