Bitmine Immersion Technologies increased its Ether holdings by purchasing 24,266 ETH last week, bringing its total crypto holdings to 4.17 million ETH. The company also reported $14 billion in combined crypto and cash holdings, including 193 Bitcoin and a stake in Eightco Holdings.

Bitmine expanded staking activity to 1.26 million ETH, up 596,864 ETH from the previous week. Tom Lee called for shareholder approval of an increase in authorized shares to support the company’s strategy. Bitmine’s shares were up 3%, while Ether was trading near $3,100.

Bitmine and Strategy are leading digital asset treasury companies, with Bitmine holding the largest Ether treasury at 4,167,768 ETH. Strategy dominates the Bitcoin side, holding 687,410 BTC. Both companies continue to expand their holdings, with Bitmine aiming for 5% of Ether’s total supply.

Read more at Cointelegraph: Bitmine Adds 24,000 ETH as Ethereum Treasury Tops 4.1M Tokens