$150M BitMine Ethereum Accumulation Strategy: New CEO to Spark a Supercycle?

BitMine, the Ethereum-focused treasury company led by Tom Lee, just completed one of its biggest steps yet under its Ethereum Accumulation Strategy, adding $150 million in Ether to its balance sheet. On-chain data from Arkham shows that the company received 18,345 ETH through BitGo and another 30,278 ETH from Kraken. It’s one of the largest single corporate treasury inflows into Ethereum this year.

While BitMine hasn’t formally announced the transactions, the wallet activity is consistent with the company’s public Ethereum accumulation strategy and further solidifies the firm’s long-term Ethereum position.

BitMine’s Goal: 5% Stake in Ethereum’s Circulating 

BitMine has continued to accumulate Ether (ETH) throughout 2025, even during periods of market downturns. In the last week of November, the company purchased 96,798 ETH, increasing its total holdings to over 3% of Ethereum’s circulating supply.

The company’s management has stated a target to own approximately 5% of Ethereum’s total supply. The firm is building Ether into a store of value as well as a fundamental infrastructure asset to power the future of financial markets. BitMine adopts a unique approach while other companies halt or decrease their digital asset investments.

Supply Ethereum Accumulation Strategy: Will Ether Enter a Supercycle? 

Tom Lee, the firm’s head, says Ethereum is about to start a new growth cycle akin to Bitcoin’s “Supercycle.” In a recent reveal, Lee has highlighted that the present Ethereum setup is similar to the Bitcoin setup of 2017, which was characterised by high volatility but eventually led to a prolonged rally. Lee’s firm’s Ethereum Accumulation Strategy stems from the firm’s belief that Ether is about to experience a bull run similar to the 100x rally of Bitcoin since 2017.

Lee also highlighted the pending Fusaka upgrade and the changing monetary policy by the Federal Reserve as some of the primary factors that will influence the Ethereum market in the short term.

New BitMine CEO to Drive Ethereum Accumulation Strategy

In addition to its recent announcement of Ethereum accumulation, BitMine has named Chi Tsang as the new Chief Executive Officer of the company, in place of Jonathan Bates. In a statement, Tsang stated that he expects, with the company’s rapidly increasing amount of Ethereum in reserve, BitMine is on track to become a top financial institution in the Ethereum ecosystem and on Wall Street. The announcement of a new CEO for the company signals a continuation of the firm’s stated Ethereum Accumulation Strategy, with renewed vigor. 

What Does BitMine’s Aggressive Ethereum Accumulation Strategy Show?

BitMine’s Ethereum Accumulation Strategy is simple: the company is on a mission to own a significant percentage of Ethereum’s total supply, with the stated goal of owning 5%. The recently announced $150M Ether buy was just one instance of the firm’s aggressive plan to get there. With a new leader at the helm and a continued focus on Ethereum accumulation, BitMine is on track to become a major player in the ETH market, looking towards a future of growth and dominance in the digital asset world.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.