Ethereum News Today: Corporate Ethereum Grab: BitMine's Strategy May Extend Bull Run

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Thursday, Nov 20, 2025 7:21 pm ET1min read
Aime RobotAime Summary

- BitMine, led by Tom Lee, now holds 3.56M ETH (2.9% of supply), becoming the largest corporate

Ethereum
treasury globally.

- Its $11.8B portfolio includes 3.56M ETH, 192 BTC, $607M cash, and equity stakes like $800M in

Eightco Holdings
.

- Lee predicts the bull market peak will arrive 12-36 months later than traditional cycles, citing macroeconomic and institutional adoption trends.

- The firm's transparent accumulation strategy and large-scale ETH purchases have drawn less scrutiny compared to peers like MicroStrategy.

BitMine, the crypto investment firm founded by former Fundstrat analyst Tom Lee, has significantly expanded its

Ethereum
(ETH) holdings,
acquiring 17,242 additional coins
valued at $49.07 million in the latest update. The purchase, disclosed in a November 17, 2025, statement, brings BitMine's total
ETH
reserves to 3,559,879 tokens, representing 2.9% of the total Ethereum supply and solidifying its position as the largest corporate Ethereum treasury globally
according to the latest report
. This move underscores a broader corporate race to amass digital assets, with BitMine now trailing only MicroStrategy in total crypto treasury value.

The firm's aggressive accumulation strategy has positioned it as a key player in the crypto market.

According to its latest holdings report
, BitMine's portfolio is valued at $11.8 billion, combining 3,559,879 ETH, 192
Bitcoin
(BTC), $607 million in unencumbered cash, and strategic equity stakes such as an $800 million position in Eightco Holdings (NASDAQ: ORBS). At $3,120 per ETH, the Ethereum holdings alone account for approximately $11.1 billion,
reflecting a 4% weekly increase
in volume. The StrategicETHReserve.xyz dashboard corroborates BitMine's dominance, highlighting its outpacing of other corporate treasuries in Ethereum accumulation.

This surge aligns with Tom Lee's broader vision for the crypto cycle. In his November 2025 message, Lee predicted the peak of the current bull market remains 12–36 months away, diverging from the traditional four-year cycle framework. His rationale hinges on macroeconomic factors and institutional adoption trends, suggesting that corporate Ethereum acquisitions could further accelerate price appreciation. The firm's ability to execute large-scale purchases-

such as the 54,156 ETH acquired in a single week
-demonstrates its capacity to influence market dynamics.

The market reaction to BitMine's activities has been mixed. While the firm's Ethereum purchases signal confidence in the asset's long-term value, some analysts have criticized its execution strategy.

For instance, MicroStrategy's recent attempt to announce
a major Bitcoin purchase-later retracted-sparked debate over corporate transparency in crypto acquisitions. BitMine's approach, however, has drawn less scrutiny, partly due to its consistent disclosure practices and alignment with broader institutional trends.

As the crypto landscape evolves, BitMine's treasury strategy highlights the growing role of corporate treasuries in shaping market sentiment. With Ethereum's market capitalization surpassing $400 billion and institutional demand intensifying, the firm's actions could serve as a bellwether for future price movements. Lee's forecast of a delayed cycle peak adds another layer of complexity, suggesting that corporate accumulation may outpace immediate speculative trading cycles.

According to the latest report