Ethereum Updates: ETH Drops 12% While Institutions Acquire $1.37 Billion in Assets

Ethereum (ETH) experienced a significant price drop in November 2025, falling nearly 12% to reach a four-month low of $3,000 before recovering to around $3,384. In spite of this decline, leading institutional investors continued to accumulate aggressively, with

Technologies—headed by Fundstrat Capital’s Tom Lee—standing out as a major participant. Over the past week, the company added 110,288 ETH to its reserves, worth about $400 million at current market rates, increasing its total holdings to more than 3.5 million ETH, or 2.9% of the circulating supply, according to . This action highlights BitMine’s approach of leveraging market fluctuations to strengthen its position.

Similar trends have been observed across the broader market. Within three days, eight prominent investors collectively acquired 394,682 ETH—valued at $1.37 billion—during Ethereum’s price decline, as detailed in

. The largest single purchase came from an “Aave whale,” who bought 257,543 ETH ($896 million), while BitMine’s acquisition of 40,719 ETH ($139.6 million) continued its October buying streak, which previously included $250 million and $113 million investments, as reported in . Blockchain analytics provider Lookonchain pointed out that this wave of accumulation, combined with Ethereum exchange reserves hitting their lowest levels since 2016, reflects increasing institutional trust in the asset, as noted in .

Tom Lee, who chairs BitMine, reiterated the company’s strong belief in Ethereum’s future. “We acquired 34% more ETH than the previous week,” he said, also mentioning BitMine’s $398 million in available cash for additional purchases, as referenced in

. This strategy stands in contrast to many digital asset treasury (DAT) companies, which have reduced their buying activity or shifted to stock buybacks as share prices dropped below net asset value. , however, has kept up its pace of accumulation, now holding the second-largest Ethereum treasury at $13.2 billion, second only to Michael Saylor’s Strategy firm, as reported in .

Market experts have noted that BitMine’s ongoing purchases could impact Ethereum’s supply situation. On-chain analyst Ted Pillows observed that the company’s weekly ETH acquisitions, ranging from $200–300 million, could speed up the tightening of available supply, as mentioned in

. Meanwhile, overall institutional demand has eased, with net accumulation now below daily miner output for the first time in seven months, according to Capriole Investments founder Charles Edwards, as cited in . This development may indicate a shift in institutional sentiment as the market adjusts to the recent correction.

Ethereum’s price recovery to $3,600 and BitMine’s stock climbing over 5% after its announcement signal renewed investor confidence, as reported in

. With BitMine now halfway to its target of owning 5% of Ethereum’s supply, its strategy could further cement Ethereum’s role among institutional investors. As Lee put it, “A few more whales like BitMine, and the market’s tone could change overnight,” underscoring the increasing influence of large holders in the cryptocurrency space, as noted in .