House » Industry » Peter Thiel acquires over 9% stake in Tom Lee-led Ethereum treasury firm
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Jul. 16, 2025
PayPal co-founder expands crypto investments with valuable fragment in BitMine Immersion.
Key Takeaways
- Peter Thiel, PayPal co-founder, has bought a 9.1% stake in Fundstrat’s Ethereum Treasury firm.
- The acquisition used to be printed through a social media put up referencing regulatory documents, nonetheless monetary phrases had been no longer disclosed.
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Billionaire mission capitalist Peter Thiel has bought a 9.1% stake in BitMine Immersion Applied sciences, a crypto infrastructure firm led by Tom Lee, founder and CIO of Fundstrat, based mostly completely mostly on a novel SEC submitting.
Thiel, who reported shared voting and dispositive power over 5,094,000 shares, joins a rising checklist of institutional backers eyeing crypto-native companies no longer correct for their mining capabilities, nonetheless for their rising role as ravishing-scale holders of digital resources.
BitMine has positioned itself as a main Ethereum treasury firm. On July 14, the firm disclosed that its ETH holdings had exceeded 163,000 ETH, valued at roughly $500 million — more than double the $250 million it raised in a non-public placement correct five days earlier.
BitMine’s approach mirrors the Bitcoin playbook pioneered by MicroStrategy, now rebranded as Strategy, which has accumulated over 600,000 BTC and redefined how public companies may per chance also treat crypto as a steadiness sheet asset.
The acquisition comes after Thiel, alongside varied tech billionaires, reportedly established Erebor, a bank geared toward filling the hole left by Silicon Valley Bank in serving tech-focused sectors much like man made intelligence, crypto, manufacturing, and defense.
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