PayPal co-founder and Silicon Valley heavyweight Peter Thiel has taken a significant stake in BitMine Immersion Technologies, owning 5.094 million shares —equating to 9.1% of the company — according to his recent SEC filing. This move positions him among the largest shareholders of the firm.
Listed on the NYSE under the ticker BMNR, BitMine previously focused on mining but has pivoted to amassing Ethereum reserves.
The company now holds 163,142 ETH, valued at over $500 million. In July, it raised $250 million from prominent crypto venture funds including Pantera, Galaxy Digital, Digital Currency Group, and the Kraken exchange, signaling strong institutional backing for its new strategy.
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Adding further credibility, Tom Lee — former JPMorgan strategist and Fundstrat founder, known for his bullish Bitcoin predictions — has been appointed chairman of BitMine’s board. This shift underscores a growing interest in Ethereum as a strategic asset among influential investors.
