Bitmine (BMNR), the largest Ethereum treasury firm, has purchased 101,745 ether (ETH) for $238 million, bringing its total holdings to over 5.18 million ETH, or 4.29% of the token's outstanding supply. The purchase is part of a strategy by Bitmine Chairman Thomas Lee, who believes that a new "crypto spring" is underway amidst subdued market sentiment. The firm's total holdings now stand at $13.1 billion. Lee also holds 200 bitcoin BTC $ 79,707.35, $700 million in cash and equity stakes, including investments in Beast Industries and Eightco Holdings.