BitMine Accumulates $137 Million in Ethereum as Institutional Demand Returns in 2025

• Why Is BitMine Betting Big on Ethereum?
• How Does BitMine’s Ethereum Strategy Stack Up?
• What’s Driving Institutional Interest in Ethereum?
• How Does BitMine Compare to Other Crypto Giants?
• What’s Next for Ethereum and Bitcoin?
• FAQs

BitMine, the cryptocurrency investment firm founded by Wall Street strategist Tom Lee, has made headlines by acquiring 40,718 ETH (worth approximately $137 million) amid a resurgence in institutional confidence. This move signals growing trust in Ethereum as the market recovers. With major inflows from platforms like Coinbase Prime and FalconX, BitMine’s Ethereum holdings now exceed 3.3 million ETH—over 2.8% of the circulating supply. Tom Lee remains bullish, projecting ETH could hit $7,000 by year-end. Meanwhile, Bitcoin is poised for a potential surge to $150,000–$200,000. Dive into the details below.

Why Is BitMine Betting Big on Ethereum?

BitMine isn’t just dipping its toes into Ethereum—it’s diving in headfirst. On-chain data from Arkham Intelligence reveals two massive transactions in the past 24 hours: over 19,000 ETH ($69.89 million) from Coinbase Prime and FalconX. Earlier, Galaxy Digital’s OTC desks funneled another 6,000 ETH ($29.28 million) into BitMine’s wallets. Combine that with earlier purchases, and you’ve got a staggering 40,718 ETH ($137 million) added to their portfolio. Why? Institutional players are clearly back in the game, and BitMine’s doubling down on ETH’s long-term potential.

How Does BitMine’s Ethereum Strategy Stack Up?

Tom Lee’s firm isn’t just accumulating ETH—it’s dominating the institutional flow. Their total balance now holds 3,395,422 ETH, making them one of the largest non-exchange holders. For context, that’s roughly 2.8% of all circulating Ethereum. And they’re not alone: FalconX and Galaxy Digital are key counterparts, handling transactions worth $29.27 million and $35.8 million, respectively. But here’s the kicker: despite a net withdrawal of $2.03 billion last week, BitMine’s portfolio still shows a 3.36% monthly uptick. Volatility? Sure. But confidence? Unshaken.

What’s Driving Institutional Interest in Ethereum?

Tom Lee puts it bluntly: fundamentals. “Stablecoin volume is exploding, dApp revenues are at all-time highs—Ethereum’s fundamentals are driving price action,” he says. BitMine’s latest buys—82,353 ETH at an average of $3,909—add fuel to that fire. Lee brushes off the recent $19.16 billion crypto liquidation event as a “minor blip,” predicting stabilization before a year-end rally. His targets? $7,000 for ETH and $150,000–$200,000 for Bitcoin. Bold? Maybe. But with BitMine’s daily trading volume hitting $2.1 billion, institutions are clearly listening.

How Does BitMine Compare to Other Crypto Giants?

BitMine and MicroStrategy (MSTR) now account for 88% of global crypto trading volume among institutional players. BitMine’s share alone jumped from 31% to 33% last month—a sign of swelling liquidity and trust. FalconX leads their withdrawal stats ($5.85 billion, 46%), followed by Kraken ($2.64 billion) and BitGo ($2.5 billion). Yet even with a $12.43 billion to $10.41 billion dip in total holdings last week, BitMine’s clout is undeniable. As Lee puts it, “Liquidity attracts liquidity.”

What’s Next for Ethereum and Bitcoin?

Lee’s year-end outlook is pure rocket fuel. ETH at $7,000? BTC at $200K? He’s betting on it. “The market’s consolidating, but fundamentals rule,” he insists. With BitMine’s ETH stash growing and institutional inflows rising, the stage is set for a volatile but bullish Q4. One thing’s clear: when Tom Lee talks, Wall Street listens. And right now, he’s shouting “Ethereum” from the rooftops.

FAQs

How much Ethereum has BitMine acquired recently?

BitMine purchased 40,718 ETH (worth $137 million) in November 2025, including 19,000 ETH from Coinbase Prime and FalconX in just 24 hours.

What is Tom Lee’s price prediction for Ethereum?

Lee projects ETH could reach $7,000 by late 2025, citing strong fundamentals like record dApp revenues and stablecoin activity.

Which platforms facilitated BitMine’s major ETH transactions?

FalconX and Galaxy Digital were key, handling deals worth $29.27 million and $35.8 million, respectively.

What percentage of Ethereum’s supply does BitMine hold?

BitMine’s 3.39 million ETH represents ~2.8% of the circulating supply—making them a whale in institutional waters.