BitMine Immersion Technologies acquired 153,000 Ethereum, now owning 1.86 million worth $8.1 billion. As the largest corporate holder of Ethereum, the firm exceeds combined holdings of other treasury firms. Fundstrat co-founder Tom Lee envisions Ethereum leading in digital assets, with Wall Street moving towards the blockchain. BitMine also owns 192 Bitcoin, valued at $21 million. Stock price dropped 3.5% to $42.11 on Monday, while Ethereum fell to $4,300. Ethereum’s ratio to Bitcoin has recovered to 0.038, below the 8-year average of 0.047. Lee believes Ethereum could hit $12,000 if Bitcoin reaches $250,000.

Read more at Yahoo Finance: BitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply