BitMine Immersion Acquires $135M in Ethereum from Fa

• Lyla Velez
• October 29, 2025
• Business
• 0 Comments

BitMine Immersion has acquired 33,948 ETH worth approximately $135 million from Fa, continuing its aggressive Ethereum accumulation strategy.

BitMine Immersion’s Ethereum acquisition of $135 million underscores growing institutional confidence and potential shifts in market dynamics.

BitMine Immersion

BitMine Immersion has obtained a significant Ethereum collection, as part of its strategic focus announced earlier this year. The acquisition of 33,948 ETH from Fa adds to its substantial holdings, aiming to influence Ethereum’s global market presence.

Led by Chairman Tom Lee, BitMine’s strategic focus includes accumulating 5% of Ethereum’s circulating supply. Tom Lee, renowned for his market predictions, commented on the growing macroeconomic improvements seen as favorable for Ethereum investments.

Strategic Positioning

The increase in Ethereum holdings positions BitMine as a key player in the cryptocurrency landscape. Their accumulation strategy impacts Ethereum’s liquidity and supports growing trust in institutional roles within the digital asset ecosystem.

The substantial acquisition echoes past significant treasury allocations, drawing comparisons to moves by MicroStrategy in Bitcoin. These actions potentially stabilize price floors and encourage further institutional investment in Ethereum.

Influence on Ethereum and Market Dynamics

Large-scale Ethereum purchases by BitMine Immersion may influence protocol governance and multisig wallet uses. Ethereum Foundation statements highlight recent efforts to align with institutional transparency demands, reflecting the evolving market landscape.

Hsiao-Wei Wang, Ethereum Foundation: “This critical adjustment is not just routine but reinforces Ethereum’s governance, aligning perfectly with the strong institutional demand for transparency and asset oversight.”

Potential outcomes of this financial activity could include increased DeFi protocol alterations. This holds particular importance as more entities seek to integrate Ethereum into their treasury strategies, reflecting broader industry shifts in digital asset management.