Thomas Lee’s $1B Ethereum Treasury at BitMine, Aims 5%

Published: 2025-07-19 11:03:03 |

BitMine Immersion Technologies, led by chairman Thomas Lee, built a $1 billion Ethereum treasury in just seven days. The Nasdaq-listed firm acquired over 280,000 ETH, becoming the largest publicly traded corporate holder. Backed by Pantera, FalconX, Kraken and Peter Thiel’s Founders Fund, BitMine now aims to secure 5% of Ethereum’s circulating supply—about 6 million ETH. Lee points to surging stablecoin adoption, rising corporate staking demand and upcoming network upgrades as key bullish drivers. He describes stablecoins reaching a “ChatGPT moment” that will boost transaction fees and staking yields. This aggressive Ethereum treasury and staking strategy follows MicroStrategy’s Bitcoin playbook but focuses on ETH. Crypto traders should watch BitMine’s Ethereum treasury build-up and its potential to tighten ETH supply. Added buying pressure may increase short-term volatility and support long-term price appreciation.

Bullish

BitMine’s rapid $1 billion ETH purchase adds substantial buying pressure, reducing available supply and likely intensifying short-term volatility. Over the long term, a 5% supply accumulation and staking commitment by a major Nasdaq-listed firm signals strong institutional demand. With backing from top investors and parallels to MicroStrategy’s successful Bitcoin strategy, Ethereum is positioned for upward momentum.