Peter Thiel, the godfather of Silicon Valley venture capital, has acquired 9.1% stake in BitMine, a strategic reserve company in ETH

According to Foresight News, SEC documents show that PayPal co-founder and Silicon Valley venture capital godfather Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine was originally a Bitcoin mining company, but has now transformed into an ETH strategic reserve company. On July 14, the company disclosed that it held 163,142 ETH, worth more than US$500 million.
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