- BitMine secures over 1.5% of Ethereum’s total supply.
- Largest institutional ETH holder globally.
- Impacts ETH market dynamics significantly.
BitMine Immersion Technologies has become the largest institutional holder of Ethereum by acquiring 1,866,974 ETH worth over $8.1 billion, as reported on October 2025.
This acquisition reflects BitMine’s aggressive Ethereum strategy, influencing market dynamics, and positioning it at the forefront of institutional crypto investment alongside prominent backers like ARK and Galaxy.
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BitMine Immersion Technologies has achieved a significant milestone by acquiring 1,866,974 ETH, amounting to over 1.5% of the total Ethereum supply. This move establishes BitMine as the largest institutional ETH holder worldwide.
Under the leadership of Chairman Tom Lee, BitMine’s aggressive Ethereum acquisition is backed by major institutional investors. This initiative, a part of the company’s vision, aims to secure 5% of the global ETH supply.
BitMine’s Market Influence
This acquisition has immediate effects on the cryptocurrency market, impacting ETH prices and on-chain dynamics. Despite the scale, Ethereum developers and community leaders have yet to comment officially on the implications.
“The GENIUS Act and SEC’s Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago,” said Tom Lee, Chairman of BitMine Immersion Technologies.
The move to acquire such a significant portion of Ethereum is likely to influence market liquidity and pricing strategies. Institutional validation reinforces Ethereum’s role as a key digital asset in the evolving financial landscape.
Strategic Investments
In financial terms, this event marks a significant investment shift for BitMine, which now reserves $635 million for further ETH purchases. Investor reactions remain cautious, reflected in BitMine’s share price adjustments.
The strategy aligns with historical trends where large-scale acquisitions by entities like MicroStrategy altered market dynamics. While regulatory outcomes remain unclear, the scale of BitMine’s action could elicit new financial market responses.
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