BitMine, linked to Fundstrat co-founder Tom Lee, has accumulated over $7.08 billion in Ethereum, according to Arkham data as of August 27, 2025. The entity holds 1.538 million ETH, making it one of the largest corporate treasuries in the crypto industry. Recently, BitMine increased its holdings by $21.3 million, reflecting a strategic focus on Ethereum. This accumulation comes amid a noticeable shift in capital from Bitcoin to Ethereum, with futures activity and ETF flows favoring ETH. Ethereum's price rose to $4,605, marking a 3.9% increase, outperforming Bitcoin and other major cryptocurrencies. BitMine's significant holdings could influence Ethereum's supply dynamics, potentially impacting its market price.