Peter Thiel Quietly Grabs 9.1% Stake in Ethereum-Focused Crypto Firm
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Key Takeaways: Billionaire Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, a major Ethereum treasury player. BitMine now holds over 163,000 ETH, worth more than $500 million, surpassing the value of its recent private fundraising. Thiel’s involvement signals a rising institutional push toward Ethereum-centric strategies beyond traditional Bitcoin accumulation. A quiet yet significant shift is unfolding in the crypto landscape. Peter Thiel, tech billionaire and co-founder of PayPal, is making a bold entrance into the Ethereum space through a strategic investment in BitMine Immersion Technologies. This move not only echoes the corporate crypto strategies of past cycles, it also underscores a growing appetite for ETH-based treasury management among elite investors. Thiel’s Stake in BitMine: A Strategic Ethereum Bet Recent filings with the U.S. Securities and Exchange Commission (SEC) revealed that Peter Thiel has taken a 9.1% stake in BitMine Immersion Technologies, a publicly traded crypto infrastructure firm. The acquisition, totaling 5,094,000 common shares, grants Thiel both shared voting and dispositive power, positioning him as one of the most influential backers of BitMine. While the deal’s precise financial terms remain undisclosed, its signal is clear: Thiel, the contrarian investor, is making a big bet on Ethereum, not through DeFi or NFTs, but through infrastructure plays and a corporate balance sheet strategy. Thiel’s decision is striking in part because of his more general interest in building alternative financial infrastructures. His new efforts, including the rumored launch of Erebor Bank (which is in response to the meltdown at Silicon Valley Bank), shows where he’s putting his focus on rebuilding the essential services vital to future-facing sectors like AI, defense tech, and crypto. BitMine’s Ethereum Treasury Model: The New Playbook BitMine isn’t a mining firm in the traditional sense. Instead, it has embraced a treasury-focused model, managing ETH reserves in a…
Filed under: News - @ July 16, 2025 7:26 pm