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BitMine Immersion Technologies, led by investor (Tom Lee), has increased its holdings by 65,341 Ethereum (ETH) worth $138 million, bringing its total ETH holdings to over 4.66 million, representing 3.86% of Ethereum's total supply. The company has accelerated its purchase pace for three consecutive weeks, with a target to acquire and stake 5% of Ethereum. Lee stated that he believes the current "crypto winter" is coming to an end, despite the company currently holding $7 billion in unrealized losses on ETH.