Bitcoin Miner Backed by Peter Thiel Now Holds $1,000,000,000 Worth of Ethereum in a Bid To Become the MicroStrategy of ETH
2025-07-18 17:01:10
Description
A Bitcoin ( BTC ) mining company backed by tech billionaire Peter Thiel just announced that it is on track to become one of the world’s largest holders of Ethereum ( ETH ). In a statement, BitMine says it has accumulated over $1 billion worth of the second-largest crypto asset by market cap just days after closing a $250 million private placement to support its Ethereum treasury strategy. The company’s newly appointed chairman of the board of directors, Fundstrat’s Thomas Lee, says that BitMine ...
$ETH
$3567.17
+2.93%
$BTC
$117871.1
-1.58%
Latest News
- Binance Airdrops, Adds Trading Support for New Blockchain Integrating Interface Token Chainbase (C)2025-07-18 22:17:41
- Stocks Primed To Dip in Q3, Says Morgan Stanley’s Chief US Equity Strategist – Here’s How Far They Could Drop in the ‘Quarter of Risk’2025-07-18 20:15:37
- This Memecoin Is Primed To Explode 2,600%+ This Cycle and Hit $1,000,000,000,000 Valuation, According to Analyst2025-07-18 20:01:11
- U.S. House of Representatives Sends GENIUS Act to Trump To Sign Into Law, Passes Two Other Bills To Conclude Crypto Week2025-07-18 18:50:52
- The Banks Are Up Against the Digital Asset Industry in a DC Policy Battle, and Crypto’s Been ‘Winning,’ Says Custodia Bank CEO2025-07-18 18:50:36