BitMine surges after-hours as Peter Thiel discloses 9% stake
2025-07-16 06:35:27
Main Idea
Peter Thiel's acquisition of a 9.1% stake in BitMine Immersion Technologies caused the company's stock to surge in after-hours trading.
Key Points
1. Peter Thiel bought a 9.1% stake in BitMine through his venture capital firm Founders Fund, acquiring 5.09 million shares.
2. BitMine's stock (BMNR) rallied 12.5% after-hours, reaching $44.97, after ending the regular trading session down 2.5%.
3. The stock briefly surged over 21% in after-hours trading, peaking at $48.5.
4. BitMine's stock has risen nearly 400% since its US debut on May 8 at $8.
5. Thiel is known for co-founding PayPal and has been involved in other crypto-related investments, including a $200 million funding round for Polymarket.
Description
Billionaire Peter Thiel has bought a 9.1% stake in the crypto mining service company BitMine, which sent the company’s stock soaring in after-hour trading.
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