BitMine aims to acquire 5% of Ethereum’s supply, equating to about 7.15 million ETH. As of November 2025, they hold 3.6 million ETH, showcasing strong institutional backing and market influence, positioning Ethereum for expansive institutional adoption.
Lede: Bitmine Immersion Technologies aims to acquire 5% of Ethereum’s supply by 2025, spearheaded by Tom Lee, chairman, citing Ethereum’s strategic importance in blockchain’s future.
Nut Graph: Tom Lee’s initiative to acquire 5% of Ethereum’s supply underscores its anticipated role in the blockchain landscape. His statement highlights Ethereum’s strategic value for BitMine, indicating long-term confidence in the network’s capabilities and potential market influence.
BitMine, led by Thomas Lee and Jonathan Bates, is actively increasing its Ethereum holdings, now totaling 3.6 million ETH. This effort reflects its strategy of aggressive market positioning supported by strong institutional investments.
The announcement impacts Ethereum’s market, causing price volatility and active discussions on centralization risks. As BitMine moves forward, its actions might reshape perceptions of Ethereum as a primary reserve asset for institutions.
Continued accumulation aligns with historical precedents of large-scale acquisitions seen in the crypto industry. The targeted 5% holding is unprecedented and challenges both market dynamics and regulatory norms.
Expert opinions vary. Vitalik Buterin emphasizes decentralization while Raoul Pal predicts a shift in crypto market structures. Future outcomes hinge on regulatory and market responses to BitMine’s strategic actions.

