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according to the materials of the site - By Coindoo.com
According to regulatory documents, Thiel acquired more than 5 million shares through his venture company Founders Fund, buying 9.1% of the shares.
Although BitMine's shares slightly fell before the market closed, this news contributed to their rise to $44.97 — a sharp increase compared to $8, the initial start in May.
Thiel, co-founder of PayPal and Palantir, whose net worth is nearly $23 billion, has intensified his activities in the cryptocurrency field.
This month he applied for a banking charter for Erebor, a financial entity aimed at replacing the bankrupt Silicon Valley Bank. He is also leading a $200 million funding round for Polymarket and supports Bullish, a digital asset exchange preparing for an IPO.
BitMine, which currently owns over $500 million in Ethereum, reported a revenue increase of 67.5% and a profit increase of 43% in the last quarter. Recently, the company raised $250 million to expand its Ethereum reserves, acquiring 163,000 ETH at an average price of $3,072.
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