BitMine Scoops Up $137M in Ethereum as Institutional Demand Rebounds in 2025
- Why Is BitMine Betting Big on Ethereum?
- How Does BitMine’s ETH Stack Up Against Competitors?
- Tom Lee’s Bullish Case for ETH and BTC
- FAQ: Your Burning Questions Answered
Wall Street is doubling down on crypto again, and BitMine is leading the charge. The investment firm founded by strategist Tom Lee just acquired a staggering 40,718 ETH worth $137 million, signaling renewed institutional confidence in Ethereum. This whale-sized move comes amid a broader market recovery, with on-chain data revealing massive inflows from major players like Coinbase Prime and FalconX. Let’s break down what this means for ETH’s future.
Why Is BitMine Betting Big on Ethereum?
BitMine isn’t just dipping its toes in the crypto waters—it’s diving in headfirst. Arkham Intelligence’s on-chain data shows two massive ETH inflows totaling over 19,000 coins ($69.89M) in 24 hours, plus another 6,000 ETH ($29.28M) from Galaxy Digital days earlier. These aren’t retail traders; we’re talking institutional heavyweights moving serious volume. As someone who’s tracked crypto cycles for years, I’ve noticed these accumulations often precede major price movements. Remember 2021? Institutions piled in before ETH hit $4,800. History might not repeat, but it sure rhymes.
How Does BitMine’s ETH Stack Up Against Competitors?
Let’s talk numbers. BitMine’s latest haul brings its total ETH holdings to 40,718 coins ($137M), but that’s just the tip of the iceberg. Their OTC desk activity reveals even bigger ambitions. FalconX leads counterparties with $5.85B in transactions (46% share), followed by Kraken ($2.64B) and BTCC ($2.5B). What’s fascinating? Despite a $2.03B net outflow this week, their portfolio is still up 3.36% monthly. Volatility? Absolutely. But as any crypto vet will tell you, institutional flows often MOVE against retail sentiment.
Tom Lee’s Bullish Case for ETH and BTC
The man behind BitMine isn’t sweating the recent dip. Tom Lee recently told investors: “The market’s consolidating, but Ethereum’s fundamentals—exploding stablecoin volume, record protocol revenue—are driving prices now.” His year-end targets? $7,000 for ETH and $150K-$200K for Bitcoin. Bold? Sure. But consider this: BitMine’s daily trading volume hit $1.5B last week, and they now command 33% of global crypto trading alongside MicroStrategy. When institutions talk, the market listens.
FAQ: Your Burning Questions Answered
How much ETH did BitMine acquire recently?
BitMine purchased 40,718 ethereum worth $137 million in early November 2025, per Arkham Intelligence data.
Which exchanges facilitated these large ETH transfers?
Coinbase Prime, FalconX, and Galaxy Digital handled the major transactions, with BTCC also serving as a key liquidity provider.
What’s Tom Lee’s price prediction for Ethereum?
The BitMine chairman forecasts ETH could reach $7,000 by end of 2025, citing strong on-chain fundamentals.
