BitMine Ethereum stake tops $8B as firm targets 5% supply control

BitMine Immersion Technologies has made a bold power move in the crypto markets, significantly increasing its Ethereum stake to over $8 billion in value. As of early September 2025, the firm now controls about 1.5% of ETH’s total supply, following a massive 153,000 ETH acquisition worth approximately $655 million. The purchase underscores BitMine’s aggressive accumulation strategy, signaling confidence in Ethereum’s future as a core asset in the evolving digital economy.

The strategy is spearheaded by Tom Lee, co-founder of Fundstrat and chair of BitMine’s board, who compared Ethereum’s current role to the U.S. dollar’s transition off the gold standard in 1971. By leaning into trends like tokenized equities, stablecoins, and blockchain-linked AI projects, BitMine is aligning itself with Ethereum’s transformation into the financial backbone of Web3 and beyond.

Ethereum becomes a cornerstone of digital finance

BitMine Immersion Technologies’ latest purchase cements Ethereum’s growing status in institutional portfolios. With the ETH price hovering between $4,300 and $5,000, accumulating such a substantial amount signals long-term conviction beyond short-term price movement.

The value of BitMine’s current Ethereum holdings—now over $8 billion—points to a broader strategy: owning critical supply of foundational digital infrastructure. While the company also holds $21 million in Bitcoin, its primary bet is clearly on Ethereum’s future dominance. The acquisition reflects increasing Wall Street interest in programmable digital assets, especially as tokenized equities, stablecoin integrations, and AI-powered on-chain services expand.

Why 1.5% of ETH supply matters

Controlling 1.5% of ETH’s total supply isn’t just symbolic—it’s strategic. As staking, decentralized finance (DeFi), and Ethereum-based applications scale, influence over the network’s tokenomics will matter. BitMine appears to be working toward a longer-term goal of ultimately holding 5% of ETH supply, giving it enormous leverage in Ethereum governance and potential validator operations.

This share of ETH, equal to roughly 18 million Ethereum tokens at current valuation, positions BitMine as one of Ethereum’s heavyweight institutional players. Beyond price exposure, the stake opens doors to yield-generating staking rewards, governance input, and potential control over infrastructure tied to tokenized securities and other blockchain-linked assets.

Tom Lee’s vision for Ethereum and Web3

Tom Lee is no stranger to bold calls, and his outlook on Ethereum is no exception. The Fundstrat co-founder believes Ethereum is entering a transformational era. He draws parallels to the dollar decoupling from gold in the 1970s—where a foundational shift in monetary infrastructure fueled enormous innovation.

Lee sees Ethereum as central to future financial systems. Between its smart contract versatility, stablecoin dominance, and role in powering tokenized real-world assets, Ethereum is gaining traction not just among crypto natives but also institutional investors, central banks, and fintech companies. By accumulating ETH now, BitMine appears to be anticipating Ethereum’s role as the base layer for tokenized economies and AI-compatible blockchains.

The bigger picture: Wall Street eyes Ethereum

BitMine’s expanding Ethereum exposure fits within a broader narrative—Wall Street is increasingly turning to Ethereum for digital infrastructure. While Bitcoin remains a leading store of value and macro asset, Ethereum’s use cases make it extremely attractive to traditional finance. It underpins a growing portion of stablecoins, DeFi applications, and tokenized securities experiments.

Institutional adoption of Ethereum is being propelled not only by its asset appreciation but also by its ability to host financial primitives like lending, trading, and yield generation within an on-chain environment. BitMine’s move reflects a pivot from speculative investing to structural integration—treating Ethereum as infrastructure, not just a trade.

What could come next in BitMine’s crypto strategy?

While BitMine currently holds $21 million in Bitcoin, its disproportionate Ethereum investment suggests a clear direction. Expect potential moves into ETH staking, DAO participation, or even launching Ethereum-based financial products tied to tokenized assets and AI-powered protocols.

The firm may also engage with developing stablecoin infrastructure or partner with institutional platforms offering exposure to Ethereum staking rewards. Given that BitMine’s long-term target is a 5% ETH supply stake, further acquisitions could follow—especially during market corrections or periods of suppressed price action.

Sources to this article

• Bloomberg (2025). “BitMine Holdings Surpass $8 Billion in Ethereum After Latest Acquisition.”
• Ethereum.org. (2025). “Ethereum Supply and Tokenomics.”
• Fundstrat Global Advisors. (2025). “Ethereum as Financial Infrastructure: Analysis by Tom Lee.”
• CoinGecko (2025). “Live ETH Price Tracker.”
• DefiLlama (2025). “Protocol-Level ETH Staking Metrics.”