Peter Thiel’s Founders Fund Acquires Stake in Ethereum-Focused BitMine Amid Growing ETH Treasury Interest
2025-07-16 07:23:07
Main Idea
Peter Thiel’s Founders Fund has acquired a 9.1% stake in BitMine Immersion Technologies, boosting BitMine’s Ethereum treasury to over $500 million and signaling growing institutional interest in Ethereum.
Key Points
1. Founders Fund purchased 5,094,000 shares in BitMine Immersion Technologies, representing a 9.1% ownership stake.
2. BitMine’s stock price rose over 12% in after-hours trading to $44.97 per share following the investment.
3. BitMine’s Ethereum treasury has grown to over 163,000 ETH, valued at more than $500 million, doubling its initial $250 million private placement.
4. Institutional interest in Ethereum is increasing, with firms like SharpLink and BTCS significantly expanding their Ethereum holdings.
5. Ethereum’s price was approximately $3,143, reflecting a 6% increase over 24 hours, amid favorable market conditions for altcoins.
Description
Peter Thiel’s Founders Fund has acquired a 9.1% stake in BitMine Immersion Technologies, signaling a strategic move to build a substantial Ethereum-focused treasury. Following this investment, BitMine’s stock surged over
Latest News
- XRP Gains Attention Amid Institutional Interest and ISO 20022 Alignment in 2025 Bull Market2025-07-16 18:28:07
- VCI Global’s Planned Bitcoin Fund May Signal New Opportunities for Regulated Institutional Crypto Investment in Asia2025-07-16 18:27:23
- Experts Suggest Bitcoin Could Benefit If Trump Challenges Fed Chair Powell’s Independence2025-07-16 18:14:16
- Ethereum $3,300.00 oldu!2025-07-16 18:13:56
- U.S. House Advances Genius Act and Crypto Market Structure Act Boosting Bitcoin Regulation2025-07-16 18:13:39