BitMine's chairman Tom Lee and Michael Saylor, the chairman of the world's largest Bitcoin treasury firm, MicroStrategy, have resumed their aggressive crypto purchases in the new week.
While the moves have become the talk of the crypto community, it has been observed that Tom Lee spent more on his Ethereum purchase this week than Saylor did.
MicroStrategy resumes weekly Bitcoin purchases
On Tuesday, April 11, the Arkham Intelligence platform revealed data showing that MicroStrategy has topped up its Bitcoin treasury with about $43 million worth of Bitcoin.
Notably, the latest Bitcoin purchase was made at an average purchase price of $80,340 per BTC. This marks the first Bitcoin purchase Saylor has made after his two-week break. Also, it is his first Bitcoin purchase of the month.
While this represents a major continuation of its aggressive Bitcoin accumulation strategy, BitMine and its chairman, Tom Lee, have gained the spotlight after the firm disclosed a larger crypto purchase to expand its Ethereum treasury.
According to the source, BitMine has acquired $61.36 million worth of ETH, surpassing MicroStrategy's latest Bitcoin buy of $43 million.
BitMine and MicroStrategy continue aggressive accumulation strategy
BitMine and MicroStrategy are globally renowned for their steady crypto accumulation strategy, with the latter focusing on Bitcoin while the former focuses on Ethereum.
These firms are often compared because they adopt similar accumulation strategies. While MicroStrategy now holds a total of $66.51 billion worth of Bitcoin, BitMine boasts a total holding of $11.99 billion worth of ETH.
Dan Burgin
U.Today Editorial Team
