Ethereum-focused entity Bitmine disclosed that as of May 25 Eastern Time, it holds 5,390,404 ETH, accounting for approximately 4.47% of Ethereum’s total supply. The firm added 111,942 ETH over the past week.

The total value of its crypto assets, cash and Moonshots investments stands at around 12.3 billion US dollars, including 444 million US dollars in cash, 203 BTC, 200 million US dollars worth of shares in Beast Industries and 95 million US dollars worth of ORBS shares. Meanwhile, Bitmine has staked 4,712,917 ETH, valued at roughly 10.1 billion US dollars at current prices.

Tom Lee, Chairman of Bitmine, commented that the pullback of ETH below $2,200 presents an attractive buying opportunity.