Cryptocurrency28 Apr 2026SEO 801 min read

Analysis: Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace

Bitmine bought $234 million of ether in its largest weekly purchase this year, closing in on Strategy's regular bitcoin buys once the firm's STRC-fue…

Bitmine bought $234 million of ether in its largest weekly purchase this year, closing in on Strategy's regular bitcoin buys once the firm's STRC-fueled spikes are stripped out. Bitmine Immersion Technologies bought $234 million of ether last week, bringing its weekly crypto purchases close to the typical $200 million to $300 million that Strategy spends on bitcoin. Despite sitting on nearly $8 billion in unrealized losses earlier this year, Bitmine accelerated its purchases, giving e…

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