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%BitMine Immersion Technologies (NYSE: $BMNR ) has purchased another 153,000 Ethereum (CRYPTO: $ETH ), bringing the value of its holdings in the %Cryptocurrency to $8.1 billion U.S.

Las Vegas-based BitMine, which is run by investor Tom Lee, has a stated goal of owning 5% of the available supply of Ethereum.

The company now owns 1.86 million ETH worth $8.1 billion U.S. In all, BitMine controls 1.5% of the 120.7 million Ethereum supply that's currently in existence.

BitMine is the largest corporate holder of Ethereum, according to market data.

The company has adopted a crypto treasury plan similar to the company %Strategy (NASDAQ: $MSTR ) that is the largest corporate holder of Bitcoin (CRYPTO: $BTC ).

BitMine also owns some %Bitcoin (CRYPTO: $BTC ). As of Sept. 1 this year, the company held 192 BTC worth $21 million U.S. on its balance sheet.

However, BitMine is betting that Ethereum will outperform Bitcoin over the long-term given that its %Blockchain has more utility and offers faster transaction speeds.

Ethereum has outperformed Bitcoin in recent months, although its price is down 13% since hitting an all-time high of just under $5,000 U.S. in August of this year.

BitMine's stock has risen 507% this year to trade at $42.49 U.S. per share as investors seek out crypto investment opportunities.