Ethereum-Backed Firm Seizes Opportunity in Market Dip, Acquires Millions in Ethereum! Details Inside

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH-0.518%

Source: Coinmarketcap

Updated: Dec 17 2025

BitMine's Ethereum Acquisition: BitMine, led by Tom Lee, purchased approximately $140 million worth of Ethereum (ETH), acquiring 48,049 ETH during a market downturn, although this transaction is yet to be officially confirmed.
Significant Holdings: The company now holds a total of 3,967,210 ETH, valued at around $11.6 billion, making it one of the largest institutional holders of Ethereum globally.
Aggressive Buying Strategy: BitMine has been actively increasing its ETH holdings, aiming to eventually possess 5% of the total circulating ETH supply, with a notable purchase of 240,711 ETH in early December.
Market Outlook: CEO Tom Lee expressed optimism about the cryptocurrency market's future, citing positive developments in regulation and Wall Street support, despite current market challenges with ETH trading below $3,000.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Ethereum-Backed Firm Seizes Opportunity in Market Dip, Acquires Millions in Ethereum! Details Inside

About the author

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