%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment BitMine Immersion Technologies (NYSE: $BMNR ) has bought another $236 million U.S. of Ethereum (CRYPTO: $ETH ) and called the cryptocurrency a "wartime store of value." BitMine Chairman Tom Lee made the comments about ETH as he announced that his company bought 101,901 ETH, pushing its total holdings above five million tokens. The latest buying spree has lifted BitMine's ETH treasury to 5,078,386 of the second largest cryptocurrency, representing 4.21% of Ethereum's total circulating supply. Lee noted that BitMine reached the five million milestone in only 10 months. The company pivoted to a digital asset treasury company from a Bitcoin (CRYPTO: $BTC ) miner last June. The company's total crypto and cash holdings now stand at $13.3 billion U.S. In recent weeks, BitMine has dramatically expanded its staking operations to generate yield on its ETH holdings. About 3.7 million tokens, or 73% of its holdings, are now staked. Lee has said that the staked Ethereum should generate around $264 million U.S. in annualized revenue for BitMine. BMNR stock has fallen 28% this year to trade at $22.33 U.S. per share.