US EditionBitmine Shares Soar as Billionaire Thiel Reveals 9.1% Stake
UNITED STATES, JUL 14 – Peter Thiel’s Founders Fund became BitMine's largest shareholder after acquiring 9.1% amid a $500 million Ethereum treasury build following a $250 million private placement.
- Peter Thiel disclosed a 9.1% stake in BitMine Immersion Technologies on July 15, 2025, boosting shares notably in Las Vegas.
- The stake disclosure followed BitMine's closing of a $250 million private placement on July 9 to support its Ethereum treasury strategy.
- BitMine holds 163,142 Ether valued around $500 million as of July 14, with Tom Lee appointed as the company's chairman.
- Thomas Lee noted that companies holding substantial Bitcoin reserves, such as MicroStrategy, tend to gain an inherent advantage from their significant accumulations, likening BitMine’s strategy to this approach.
- This development signals growing institutional confidence in ether assets and may strengthen BitMine's position in the evolving cryptocurrency market.
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35 Articles
Peter Thiel acquires 9.1% Stake in Bitmine to become largest shareholder; stock surges 15% amid crypto boom - Tech Startups
Peter Thiel is betting big on crypto again—and this time, it’s with a public stake. Shares of Bitmine Immersion Technologies jumped nearly 15% in early trading Wednesday after Thiel disclosed a 9.1% stake in the crypto mining company. The move […] The post Peter Thiel acquires 9.1% Stake in Bitmine to become largest shareholder; stock surges 15% amid crypto boom first appeared on Tech Startups.
Bitmine shares soar as billionaire Thiel reveals 9.1% stake
Bitmine Immersion Technologies shares jumped nearly 15 per cent in early trading on Wednesday after tech billionaire Peter Thiel disclosed a 9.1 per cent stake in the crypto mining and services company.Thiel has publicly praised bitcoin, a currency based on blockchain technology, and his Silicon Valley ventur
BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) Director Purchases $999,999.00 in Stock
BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Get Free Report) Director Thomas Jong Lee acquired 222,222 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was purchased at an average price of $4.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director owned 222,222 shares in the company, valued at $999,999. The trade was a ∞ increase in their ow…
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