Ethereum Institutional Demand Surges as BitMine Acquires $137M in ETH
In a significant move highlighting renewed institutional confidence, BitMine, a cryptocurrency investment firm founded by Wall Street veteran Tom Lee, has accumulated 40,718 ETH worth approximately $137 million. This acquisition underscores the growing institutional demand for Ethereum as markets continue to recover. On-chain data reveals two major inflows totaling over 19,000 ETH ($69.89M) from Coinbase Prime and FalconX within the past 24 hours, followed by a 6,000 ETH ($29.28M) transfer from Galaxy Digital six days prior. These developments suggest a bullish outlook for Ethereum, with institutional players positioning themselves for potential upside. The timing of these acquisitions aligns with broader market recovery trends, further solidifying Ethereum's role as a leading asset in the digital finance sector. As of November 2025, Ethereum's price action and institutional inflows indicate strong fundamentals and long-term growth potential.
BitMine Accumulates $137M in Ethereum as Institutional Demand Rebounds
BitMine, the cryptocurrency investment firm founded by Wall Street veteran Tom Lee, has acquired 40,718 ETH worth approximately $137 million. The move signals renewed institutional confidence in ethereum as markets recover. On-chain data reveals two major inflows totaling over 19,000 ETH ($69.89M) from Coinbase Prime and FalconX in the past 24 hours, followed by a 6,000 ETH ($29.28M) transfer from Galaxy Digital six days prior.
The firm has consistently expanded its digital asset portfolio with a focus on Ethereum exposure. Arkham Intelligence's entity-matching algorithm confirmed the transactions under BitMine's institutional address cluster. "Smart money is still accumulating ETH," observed Ash Crypto in a November 2025 tweet highlighting the acquisition.
Morpho Labs Co-Founder Addresses Liquidity Concerns Post-Stream Finance Collapse
Merlin Egalite, co-founder of Morpho Labs, has dismissed claims of systemic illiquidity in the protocol's vaults following the high-profile depegging of Stream Finance's xUSD stablecoin. The incident triggered a $93 million cascade across DeFi platforms, with one Morpho vault experiencing limited exposure.
"Lending pools aren't designed to maintain 100% liquidity during market stress," Egalite stated. "When capital is actively borrowed, withdrawals naturally face constraints during mass exit events." The protocol's 90% target utilization rate means most deposits remain deployed, with interest rate mechanisms automatically incentivizing rebalancing.
Ethereum Whales Accumulate $1.12 Billion in ETH Amid Price Dip
Ethereum's price drop below $3,400 has triggered a buying spree among large investors, with whales scooping up 323,523 ETH worth $1.12 billion in 48 hours. The accumulation coincides with Ethereum hitting a new network throughput milestone, underscoring fundamental strength during market weakness.
A single whale acquired 257,543 ETH ($896 million) at $3,480 per token, while a cluster of addresses dubbed 'seven siblings' added 37,971 ETH ($133 million). Notably, a swing trader known for OTC deals purchased 14,004 ETH at the local bottom of $3,247.
Bitmine Immersion Resumes Aggressive Ethereum Accumulation with $137M Purchase
Institutional bullishness is returning to Ethereum despite recent market volatility. Bitmine Immersion, a leading treasury firm specializing in ETH, has executed a strategic acquisition of 40,718 ETH worth $137 million—signaling renewed conviction in the asset's long-term prospects.
The MOVE comes as a stark contrast to prevailing market uncertainty. Bitmine's accumulation strategy now appears more aggressive than ever, with this single purchase doubling down on their existing treasury position. Market observers note such institutional buying often precedes price recoveries.
Ethereum's price action remains volatile, but smart money appears to be voting with capital. This acquisition follows Bitmine's established pattern of accumulating during pullbacks, suggesting they view current levels as a strategic entry point rather than a risk zone.
