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Peter Thiel Acquires 9.1% Stake in ETH Strategic Reserve Company BitMine

Summary: According to reports, SEC filings reveal that PayPal co-founder and Silicon Valley venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine, originally a Bitcoin mining company, has now transitioned into an ETH strategic reserve company, disclosing ownership of 163,142 ETH worth over $500 million on July 14th.

According to reports, SEC filings reveal that PayPal co-founder and Silicon Valley venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine, originally a Bitcoin mining company, has now transitioned into an ETH strategic reserve company, disclosing ownership of 163,142 ETH worth over $500 million on July 14th.

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