Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace
Bitmine bought $234 million of ether last week, its largest weekly purchase this year, bringing corporate ether accumulation closer to Strategy's bitcoin buying pace. Holding over 5 million ETH tokens worth roughly 4.21% of circulating supply, Bitmine has staked 73% for $264 million annualized yield. The firm continued aggressive purchases despite $8 billion unrealized losses earlier this year.
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