Peter Thiel Holds Significant Stake in BitMine Immersion Technologies..
Peter Thiel's Investment: According to recent SEC filings (via PANews), PayPal co-founder Peter Thiel holds 5,094,000 shares in BitMine Immersion Technologies, Inc., amounting to 9.1% ownership of the company.
BitMine's Ethereum Holdings: BitMine publicly revealed it holds approximately 163,100 ETH, with a total value exceeding $500 million.
This signals a growing trend of prominent tech investors like Thiel gaining significant exposure to crypto-linked companies, especially those with large crypto reserves like BitMine. Let me know if you'd like a deeper analysis on what this could mean for the crypto or equities market.
