Bitmine Soars 11% — Tom Lee’s Ethereum Bet Just Got Even Bigger

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increased its investment in Eightco (ORBS), a firm holding OpenAI equity, with a $75 million commitment alongside ARK Invest and Payward.Chairman Tom Lee tied Bitmine’s ETH accumulation directly to geopolitical tensions and rising oil prices driving institutional investors toward crypto as growth assets, positioning the company’s treasury to benefit from an expected V-shaped recovery in the Ethereum price.A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here.Bitmine Immersion Technologies (NYSE:BMNR) stock is up 11% in Monday morning trading, pushing shares toward $23 after the company dropped a treasury update that's hard to ignore. The catalyst: $11.5 billion in total cryptocurrency, cash, and moonshot holdings, a fresh Ethereum (CRYPTO:ETH) purchase, and Chairman Tom Lee tying the move directly to geopolitical tensions driving investors into crypto.BMNR stock has been a wild ride, to say the least. The 52-week range stretches from $3.20 to $160.95, and Bitmine shares are still down 15% year-to-date. The last week has shown a pulse, though, with shares already up 10.6% in five trading sessions.Read: Data Shows One Habit Doubles American’s Savings And Boosts RetirementMost Americans drastically underestimate how much they need to retire and overestimate how prepared they are. But data shows that people with one habit have more than double the savings of those who don’t.Bitmine announced this morning that it purchased 60,999 ETH today, bringing the company's total holdings to 4.596 million ETH. That puts the company at 3.81% of the total ETH token supply, inching toward its stated goal of owning 5%. The company now claims the title of the largest Ethereum treasury in the world.One detail worth noting: Bitmine acquired 5,000 ETH directly from the Ethereum Foundation, a transaction structured so the Foundation can fund its core activities without selling into the open market. That kind of direct deal with the Ethereum Foundation is not something most treasury companies can arrange, and it signals a relationship that goes beyond simple accumulation.Of the 4.596 million ETH held, 3.04 million tokens are currently staked, generating what the company estimates as $180 million in annualized staking revenues. 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