Tom Lee’s BitMine Acquires $84M in Ethereum Holdings

Tom Lee’s BitMine has acquired $84 million in Ethereum, a move garnering attention since its strategic shift in June 2025.

Acquiring $84 million in Ethereum is crucial as it signals increased institutional interest, potentially affecting ETH’s valuation and market dynamics.

Under Tom Lee’s leadership, BitMine transitioned from Bitcoin mining to focus on Ethereum accumulation. The company acquired $84 million in Ethereum, supported by strong backing from major financial institutions. Lee’s strategy involves diversifying BitMine’s portfolio and maximizing its market impact.

The move has resulted in an increased institutional rotation from Bitcoin to Ethereum, totaling over $900 million in liquidity flows daily. Ethereum’s market capitalization has surged substantially, consolidating around $4,500 and approaching resistance points at $4,950–$5,000. The increased potential for Ethereum-focused investment opportunities remains an important counterpoint to Bitcoin’s long-standing dominance.

Analysts predict Ethereum’s price could surpass $5,000 soon, driven by institutional confidence and strategic shifts in infrastructure. Legal clarity and new stablecoin regulations further bolster ETH’s market position. BitMine’s move follows a historical pattern akin to MicroStrategy’s Bitcoin strategy, forecasting a possibly transformative impact on the crypto ecosystem and reallocation of digital asset priorities.

Tom Lee, Chairman, BitMine, “Ethereum is experiencing its Bitcoin 2017 moment… Our conviction is so high that BitMine is accumulating up to 5% of the circulating ETH supply for long-term macro exposure. I stand by $10,000–$16,000 ETH by the end of 2025.”