BitMine Acquires 3.63M ETH Worth $10.8 Billion

• Lyla Velez
• November 30, 2025
• Investment
• 0 Comments

BitMine Immersion, led by Tom Lee, recently acquired 3.63 million ETH worth approximately $10.8 billion, making a $200 million purchase on November 24, 2025.

The acquisition by BitMine Immersion highlights the growing institutional interest in Ethereum and impacts market liquidity, potentially influencing price stability and upward pressure over time.

BitMine Immersion, with Tom Lee at the helm, now holds approximately 3.63 million ETH. This purchase contributes to its goal of owning 5% of Ethereum’s total supply, underscoring its strategic accumulation plan. Tom Lee’s reputation as a crypto strategist adds credibility to these activities.

“With our recent purchase of $200 million in Ethereum, we aim to enhance the market’s stability and contribute positively to the ecosystem’s growth.” – Tom Lee, Co-founder and Market Strategist, BitMine Immersion

This acquisition’s effects are most pronounced on Ethereum’s availability and potential price dynamics. By reducing the circulating supply, BitMine could be influencing market liquidity, leading to potential price stability or upward pressure. Other altcoins remain unaffected at present.

Ethereum’s market might see an increased focus due to this purchase, reminiscent of past institutional accumulations by key players. Community reactions are positive, with confidence bolstered by the institutional backing, though volatility is expected due to the average purchase cost.

Insights into such movements suggest potential technological outcomes, with Ethereum solidifying its status as a key institutional asset. Historical trends indicate that large accumulations can encourage market participation and valuation increases over time.