Tom Lee, chair of BitMine Immersion Technologies (BMNR) and the Managing Partner at Fundstrat, sees Ethereum’s (ETH) price pushing beyond Standard Chartered’s $7,500 target this year, with a Fed rate cut providing extra momentum.

BitMine Immersion (BMNR), currently the largest Ethereum treasury company in the world, is in the midst of an explosive rally as the firm continues an aggressive ETH accumulation spree.

BitMine Immersion Technology (BMNR), the bitcoin miner that pivoted to an ether (ETH) treasury strategy under Fundstrat's Thomas Lee's leadership, is doubling down on its stock sale program, aiming to raise up to $20 billion more buy more ETH.

BitMine Immersion Technology ($BMNR) shares surged in pre-market trading after the crypto treasury firm announced plans to raise as much as $20

BitMine's Ethereum treasury holdings surpass 1.15 million ETH, valued at nearly $5 billion, securing its position as industry leader.

BitMine accumulates $130 million Ethereum during the coin’s price crash increasing to its holdings to 1.174 million ETH, worth $5.26 billion.

Bitcoin miner BitMine now holds 833,137 ETH, making it the largest corporate Ethereum treasury and the third biggest crypto treasury.

BitMine Immersion (BMNR) shares are extending gains in morning trading on Tuesday after announcing it now has more than 1.15 million Ethereum (ETHUSD) worth nearly $5 billion on its balance sheet. The firm’s recently launched Ethereum strategy has made BMNR “one of the most widely traded stocks in the US” according its recent press release.