BitMine Raises ETH Accumulation, War Chest Hits $13.2B

Published: 2025-11-10 20:24:03 |

BitMine, Tom Lee’s crypto investment firm, accelerated ETH accumulation after the October 11 market crash. On-chain data show BitMine added 379,271 ETH—about $1.5 billion—in three buys over a week. The firm has now grown its crypto war chest to a record $13.2 billion across leading digital assets. These moves reflect a bullish institutional investment stance and confidence in Ethereum’s long-term fundamentals. Lee highlighted a short-term market bottom and predicted a rebound amid network upgrades and rising DeFi activity. Traders may view this ETH accumulation as a positive signal for market stability, price support, and future demand for Ethereum.

Bullish

BitMine’s large-scale ETH accumulation and record $13.2 billion war chest signal strong institutional confidence in Ethereum. The on-chain purchases after the market crash and commentary from Tom Lee on a short-term bottom suggest both price support and liquidity in the near term. Long-term, network upgrades and growing DeFi activity underpin Ethereum’s fundamentals, making this a bullish indicator for traders.