Bitmine Immersion Technologies (BMNR) has achieved a significant milestone by holding 4.87 million ether, valued at approximately $10.7 billion, which constitutes 4.04% of the total ether supply. The company is now 81% of the way toward its goal of owning 5% of all ETH. Chairman Tom Lee has referred to ether as 'the wartime store of value,' highlighting its impressive 17.4% price increase since the start of the Iran conflict, which has positioned it ahead of traditional assets such as the S&P 500 and gold by substantial margins. Bitmine has staked 3.33 million ETH, generating an annualized revenue of $212 million. Following its uplisting to the New York Stock Exchange on April 9, Bitmine's total holdings, including cash and equity investments, amount to $11.8 billion. The company has maintained a high pace of ether purchases, acquiring 71,524 ETH in the past week alone. Lee also pointed out that the current market conditions suggest that ether is nearing the end of a 'mini-crypto winter,' positioning it favorably for future growth.