BitMine Immersion Technologies said its Ethereum reserves have risen to 1,150,263 tokens, valued at about $4.96 billion based on a price of $4,311 per ETH as of 10:59 p.m. Eastern on Aug. 10. The Las Vegas-based company’s latest purchase of 317,126 coins—roughly $1.32 billion—makes it the first corporate holder to cross the one-million-token threshold and gives it the largest Ethereum treasury in the world. The holding represents about 1% of Ethereum’s circulating supply and, by market value, places BitMine behind only MicroStrategy and Marathon Digital among publicly reported crypto treasuries. BitMine’s stock jumped as much as 23% to $63 on Monday, and the company now ranks among the 25 most-traded U.S. equities by dollar volume, according to internal and exchange data. Chairman Thomas "Tom" Lee said the firm is moving at “lightning speed” toward its goal of accumulating 5% of all outstanding Ether. Launched on June 30, BitMine’s treasury program envisions using equity-linked securities, staking and potential acquisitions to expand its holdings, positioning the company as both a large-scale validator and a proxy investment vehicle for investors seeking Ether exposure.