B
BTC $75,748 ↓ 1.5%
E
ETH $2,400 ↓ 3.1%
U
USDT $1.00 ↑ 0%
B
BNB $711.50 ↓ 1.2%
X
XRP $1.28 ↓ 10.4%
U
USDC $1.00 ↑ 0%
S
SOL $97.20 ↓ 3.8%
T
TRX $0.33 ↓ 1.1%
F
FIGR_HELOC $1.00 ↓ 2.5%
Z
ZEC $1,217 ↑ 7.2%
H
HYPE $78.00 ↓ 1.9%
D
DOGE $0.08 ↓ 4.6%
B
BTC $75,748 ↓ 1.5%
E
ETH $2,400 ↓ 3.1%
U
USDT $1.00 ↑ 0%
B
BNB $711.50 ↓ 1.2%
X
XRP $1.28 ↓ 10.4%
U
USDC $1.00 ↑ 0%
S
SOL $97.20 ↓ 3.8%
T
TRX $0.33 ↓ 1.1%
F
FIGR_HELOC $1.00 ↓ 2.5%
Z
ZEC $1,217 ↑ 7.2%
H
HYPE $78.00 ↓ 1.9%
D
DOGE $0.08 ↓ 4.6%

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 Compliance Research Associate who works with web3, fintech, and digital asset companies to help them understand and comply with the regulatory environment of both the UAE and global markets. She transforms complicated compliance requirements and licensing into straightforward, step-by-step actions that start-up and licensed entities can easily employ. Her goal is to make compliance easy, practical and achievable.

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