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Tom Lee of Bitmine. (CoinDesk)

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.

What to know:

  • 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 ether a Strategy-like corporate…

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