The largest ether (ETH) treasury company BitMine Technologies (BMNR) bought last week's dip in crypto prices, adding 202,037 tokens, $828 million at current prices, to its holdings, the firm reported on Monday.

"The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of," BitMine chairman Thomas Lee said in a statement.

"Volatility creates deleveraging and this can cause assets to trade at substantial discounts to fundamentals, or as we say, 'substantial discount to the future' and this creates advantages for investors, at the expense of traders," he added.

That purchase brought the firm's ETH holdings over 3 million, or 2.5% of the crypto's supply, halfway of the company's telegraphed goal to acquire 5% of all ETH on the market.

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