Bitcoin Miner Backed by Peter Thiel Now Holds $1,000,000,000 Worth of Ethereum in a Bid To Become the MicroStrategy of ETH

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 ...