BitMine Immersion Technologies shares rose sharply after Chairman Tom Lee said the firm holds about 5.82 million ETH, putting it roughly 97% of the way toward its goal of owning 5% of Ethereum’s circulating supply. Lee told the Bankless podcast the company still needs about $350 million of Ether and expects to reach the target by year-end or sooner, while staying focused on that original goal without destabilizing the ecosystem. BMNR was up 6.63% at $26.554 at the time of publication, trading extended above key moving averages with resistance near $30.50 and support near $24.50. The update builds on BitMine’s multi-month accumulation drive, including a recent wallet flow linked to a possible $48.9 million ETH addition, large staked holdings, and Lee’s longer-term thesis around tokenization, AI-related on-chain activity, and a potential crypto bull cycle that he said could lift Ether above $5,000 and possibly over $10,000.