Peter Thiel’s Investment Sends BitMine Shares Soaring
Shares of BitMine Immersion Technologies (BMNR) surged by 12.5% in after-hours trading following the announcement that billionaire investor Peter Thiel acquired a 9.1% stake in the crypto mining firm. According to a regulatory filing released Tuesday, Thiel purchased 5.09 million shares through his venture capital arm, Founders Fund.
The stock rose to as high as $48.50 after the bell, marking a 21% jump from the regular session close of $40.01, before settling at $44.97.
A Strategic Bet on Crypto Mining and Ethereum
Thiel’s investment is seen as a strong vote of confidence in BitMineās long-term vision, especially as the company aggressively expands its Ethereum holdings. On Monday, BitMine disclosed that it now holds over 163,000 ETH ā worth more than $500 million at an average purchase price of $3,072 per token.
To build this reserve, the firm completed a $250 million private placement that concluded on July 9, 2025.
This positions BitMine as one of the largest institutional ETH holders, supporting the broader narrative of Ethereum becoming a preferred treasury asset among tech-aligned firms.
https://cointelegraph.com/news/bitmine-surges-peter-thiel-discloses-stake
BitMineās Explosive Market Performance
Since debuting on May 8 at $8 per share, BitMineās stock has rallied nearly 400%, underscoring growing investor interest in crypto mining and ETH-based treasury strategies. The stockās performance is also supported by strong fundamentals:
- Net revenue up 67.5% YoY in the quarter ending May 2025
- Net profit surged by 43.18% during the same period
These results reflect both operational efficiency and effective capital deployment in a volatile market environment.
Thielās Broader Crypto Push
Peter Thiel, co-founder of PayPal and Palantir Technologies, has remained an active participant in the crypto and Web3 space. His Founders Fund is reportedly leading a $200 million funding round for Polymarket, while another Thiel-backed company, Bullish, is preparing for an IPO.
In addition, Thiel and other tech leaders have filed for a bank charter to launch Erebor, a financial institution aimed at replacing the void left by the collapse of Silicon Valley Bank.
Conclusion
BitMineās after-hours rally highlights growing institutional interest in Ethereum mining and treasury strategies. With Peter Thielās high-profile stake and a rapidly expanding ETH reserve, BitMine is positioning itself as a key player in the evolving intersection of crypto infrastructure and institutional finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.