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The billionaire Peter Thiel bets Grand Sur Ethereum, joining Tom Lee de Fundstrat in a treasure game of ETH via the purchase of a participation of 250 million dollars in Bitmine Immersion Technologies.
A file of July 15, SEC shows that the founders of Thiel acquired 5,094,000 shares, representing a participation of 9.1% in the company Crypto Mining and Ethereum Treasury led by Fundstrat Cio Lee.
This disclosure follows an announcement at the end of June that Founders Fund had invested in Bitmin.
Bitmine (BMNR) shares have increased more than 19% in trade after opening hours, according to Yahoo Finance. During the last month, BMNR climbed 705%.
Crypto heavy goods vehicles join Thiel in Bitmin investment
Thiel and Fund Strat acquired the shares thanks to a private offer of $ 250 million which ended on July 9. Other companies have also participated in the round, including cryptographic heavyweights such as Pantera Capital, Galaxy Digital and Kraken.
During this private investment, more than 55 million shares were sold at $ 4.50 each. The benefits were then used by Bitmin to buy more eth.
Bind @Bitmnr $ Bmnr double $ ETh Holdings at $ 500 million
👇– Private placement July 9: $ 250 million in $ ETh
– 3 days of negotiations later: $ 500 million eTH (163,142 tokens)Jonathan Bates, CEO of Bitmin.
“It is clear that Wall Street becomes” folded “.”– Thomas (Tom) Lee (not drummer) fsinsight.com (@Fundestrate) July 14, 2025
The deposit of the SEC shows that Thiel’s investment was for a passive role, which means that he does not intend to influence Bitmin’s control.
Bitmin one of the largest holders of corporate Ethereum
Bitmine, which was initially a company focused on Bitcoin reduced, went to a cash company under the CEO Jonathan Bates and Lee recently appointed.
Since the company started with its Ethereum Treasury plan, the company bought 163,000 ETH. With chef Altcoin trade At $ 3,164.98 to 3 h 24 hne, assets is equivalent to more than $ 515.8 million. This makes the company one of ETH’s largest institutional holders.
The price of ETH has also jumped 6% in the last 24 hours, pushing its gain in last month at more than 20%. The price of the crypto is still down approximately 35%, against the summit of $ 4,891.70 from all the time it set on November 16, 2021.
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