A second major corporate player in the cryptocurrency market is mirroring the buying patterns of the first. Bitmine Immersion Technologies, led by Tom Lee, purchased 101,901 ether worth approximately $234 million last week, nearing the weekly buying pace of Strategy, the digital treasury firm led by Michael Saylor.
This development is significant as Bitmine is now the only major corporate crypto buyer to keep pace with Strategy. The firm's buying strategy, which began in June 2025, has resulted in it holding over 5 million tokens, representing about 4.21% of the circulating supply of the second-largest cryptocurrency.
Most digital asset treasury companies slowed or paused accumulation during the February price drop, but Bitmine continued to buy, with its strategy now generating roughly $264 million in annualized revenue from yield.