PayPal's Peter Thiel affiliated fund holds 9.1% of Bitmine
Internet reports that Founders Fund Growth II Management, founder of billionaire and top Silicon Valley investor Peter Thiel, disclosed in an SEC filing late Tuesday that it held a 9.1% stake in BitMine Immersion Technologies as of July 8. BitMine recently announced a switch to Ethereum reserve strategy, triggering a buying boom for the stock. BitMine completed an initial private placement of $250 million last week and plans to accumulate ETH, the native cryptocurrency of the Ethereum blockchain. The company announced on Monday that it currently holds a total of 163,142 ETH.
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