B
BTC $101,798 ↓ 0.4%
E
ETH $3,406 ↓ 1.1%
U
USDT $1.00 ↑ 0%
X
XRP $2.28 ↓ 1.7%
B
BNB $989.87 ↓ 0.4%
S
SOL $158.54 ↓ 1.7%
U
USDC $1.00 ↑ 0%
S
STETH $3,403 ↓ 1.3%
T
TRX $0.29 ↓ 0.6%
D
DOGE $0.17 ↓ 2.8%
A
ADA $0.56 ↓ 3.7%
F
FIGR_HELOC $1.05 ↑ 0.2%
B
BTC $101,798 ↓ 0.4%
E
ETH $3,406 ↓ 1.1%
U
USDT $1.00 ↑ 0%
X
XRP $2.28 ↓ 1.7%
B
BNB $989.87 ↓ 0.4%
S
SOL $158.54 ↓ 1.7%
U
USDC $1.00 ↑ 0%
S
STETH $3,403 ↓ 1.3%
T
TRX $0.29 ↓ 0.6%
D
DOGE $0.17 ↓ 2.8%
A
ADA $0.56 ↓ 3.7%
F
FIGR_HELOC $1.05 ↑ 0.2%

BitMine Stock Soars on Peter Thiel’s 9% Stake

July 16, 2025 Sama Tarek 1 min read Short News

Shares of BitMine Immersion Technologies, a crypto mining service provider, surged over 12% in after-hours trading following the disclosure of a 9.1% stake by billionaire Peter Thiel. Thiel’s venture capital firm, Founders Fund, acquired 5.09 million shares. This investment comes as BitMine recently pivoted to an Ethereum-centric treasury strategy, announcing holdings of over 163,000 ETH worth more than $500 million. The stock is up nearly 400% since its May 8 US debut.

Sama Tarek

Sama Farghaly is a contributing writer covering the evolving intersection of compliance, fintech, and digital assets. She brings practical, on-the-ground experience advising Web3 startups and licensed entities on regulatory frameworks across the UAE and international markets. Sama specializes in AML/CFT policy development, licensing strategy, and operational compliance, with a focus on helping companies navigate complex legal environments. Her writing translates regulatory developments into clear, actionable insights—bridging the gap between policy and innovation for a global crypto audience.

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