When the market’s flirting with chaos, some players don’t just sit tight. Enter BitMine, chaired by the ever-bullish Tom Lee, who just scooped up 232,520 ETH, worth north of $900 million.
Nearly a billion dollars’ worth of Ethereum, snapped up during one of those market looks wobbly moments, via OTC deals and platforms like Coinbase and FalconX.
TOM LEE HOLDS $6.8 BILLION USD OF ETH – AND HE’S STILL BUYING
Bitmine holds $6.79B of ETH and just bought another $21.3M.
BITMINE IS GOING FOR 5% ETH SUPPLY – THAT’S $27 BILLION USD OF $ETH pic.twitter.com/ODg2H2Ne3z
— Arkham (@arkham) August 26, 2025
Liquidity and volatility
Why does this matter? Because BitMine isn’t just buying Ethereum for the thrill. They’re shifting gears to build a serious Ethereum treasury strategy, aiming to rival big Bitcoin treasury plays like Strategy’s famous stash.
This move could shake Ethereum’s liquidity and volatility, while also nudging other corporates to reconsider their crypto portfolios.
Arkham’s experts shared that BitMine’s buying spree caused some real turbulence in the market, TVL jumped and liquidity pools started doing the cha-cha.
It’s as if BitMine’s Ethereum appetite is a bullish beacon, signaling they have some serious faith in Ethereum’s future, even as prices dipped.
World’s leading smart contract platform
Backing this play are institutional big ballers like ARK Invest and DCG, who are placing serious trust, and capital, behind BitMine’s strategy.
Cathie Wood’s ARK Invest, in particular, has openly cheered the move, seeing BitMine’s strategy as a savvy bet on Ethereum’s unique strengths.
Tom Lee himself highlights why Ethereum stands out. It’s not just crypto, as they say, but it’s the world’s leading smart contract platform, boasting censorship resistance and rock-solid resilience.
“Building a treasury business on Ethereum means having a major positive influence.”
BitMine’s plan looks less like a gamble and more like a calculated push to become a key player in smart contract finance.
Agressive Ethereum accumulation
What’s Ethereum’s market look like right now? In the time of writing, $4,011 per ETH and a market cap of $484 billion, it’s seen a slide, with daily trading volume dropping around 40%.
But, over the last 90 days, it’s managed a solid 63% price increase, because ups and downs are the crypto story.
The takeaway? BitMine’s aggressive Ethereum accumulation might in fact ignite a trend among other firms to hop on board the treasury crypto train.
That could invite fresh regulatory eyeballs, though, adding a dash of tension to this story.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
