Peter Thiel’s Stake in BitMine May Influence ETH-Focused Crypto Mining Stock Performance
2025-07-16 06:34:43
Main Idea
Peter Thiel's 9.1% stake in BitMine Immersion Technologies boosted the crypto miner's stock by 12.5%, signaling investor confidence in its ETH-focused mining strategy and growth prospects.
Key Points
1. Peter Thiel acquired over 5 million shares (9.1% stake) in BitMine, causing a 12.5% after-hours stock surge to $44.97.
2. BitMine's stock has risen nearly 400% since its U.S. debut in May 2025, with a 67.5% YoY revenue increase and 43.18% net profit growth.
3. BitMine holds over 163,000 ETH (valued at $500M+), reflecting its confidence in Ethereum's long-term value and DeFi utility.
4. Thiel's Founders Fund is also leading a $200M funding round for Polymarket and supports Bullish, indicating broader crypto ecosystem engagement.
5. BitMine raised $250M in a private placement to fund its ETH treasury build-up and enhance liquidity for strategic investments.
Description
Billionaire investor Peter Thiel has acquired a significant 9.1% stake in BitMine Immersion Technologies, a leading crypto mining service provider, sparking a sharp rise in the company’s stock price. This
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