Thiel’s 9% Stake in BitMine: The Ethereum Frenzy Continues šŸš€šŸ’°

Who knew that the Bitcoin market’s recent surge would be like a kid spilling a juice box all over the altcoin market? Now, Ethereum (ETH) is getting all the attention, and everyone’s whispering about a budding alt season. šŸƒāœØ

Analysts are saying it might be the perfect time to pivot to Ethereum, especially with the ETH treasury frenzy. It’s like everyone’s trying to get a piece of the pie before it runs out of crust. 🄧

Peter Thiel Entities Buy Over 9% of Ethereum-Focused BitMine

According to filings with the US SEC (Securities and Exchange Commission), Peter Thiel-linked Founders Fund bought 5,094,000 shares across multiple entities associated with BitMine Immersion Technologies. That’s a 9.1% stake in BitMine, and it happened just three weeks after Founders Fund invested in the software company. It’s like Thiel can’t get enough of this Ethereum action. šŸ¤‘

Peter Thiel just discloed a 9.1% stake in Tom Lee’s new $BMNR Ethereum Trust Company according to this new SEC filings

— Evan (@StockMKTNewz) July 15, 2025

Following this move, BitMine Immersion Technologies’ BMNR soared over 12%, trading for $44.97 pre-market. It’s like the stock had a sudden growth spurt and decided to join the NBA. šŸ€

With this purchase, Peter Thiel’s Founders Fund joins the ranks of Pantera, Galaxy, and Kraken Exchange in the venture. These firms also bought shares in BitMine Immersion Technologies, all united by a common goal: building an Ethereum treasury. It’s like they’re all in a secret club, and the password is “Ethereum.” 🤫

BitMine raised $250 million via private placement to kickstart its treasury and appointed Fundstrat co-founder Tom Lee as Chairman of the Board, who has served as CIO since June. It’s like they’re building a fortress of Ethereum, one block at a time. šŸ°

BitMine Immersion announced on Tuesday, July 14, that it holds over 163,000 ETH worth over $500 million, as part of its Ethereum treasury strategy. Ā 

ā€œSince closing on theĀ $250 millionĀ private placement, we have surpassedĀ $500 millionĀ inĀ EthereumĀ holdings, which validates our mission to increase our stake in theĀ EthereumĀ network,ā€ said Tom Lee

Meanwhile, the firm adds to a growing list of traditional finance (TradFi) players building Ethereum treasuries. Others include SharpLink and BTCS (Blockchain Technology Consensus Solutions). It’s like everyone’s trying to get a piece of the Ethereum pie before it’s all gone. šŸ•

As BeInCrypto reported, SharpLink recently bought 31,487 ETH tokens, including a major 21,487 ETH purchase split between Galaxy Digital and Coinbase Prime. The company’s ETH stash now totals 253,000, fully staked and restaked, yielding an unrealized profit of $45 million. Meanwhile, BTCS has increased its Ethereum holdings by 221% since 2024. It’s like they’re on a mission to corner the Ethereum market. šŸš€

As of July 11, 2025, $BTCS reached $96.3 Million in combined crypto and cash market value. This includes 29,122 $ETH, which marks a 221% increase in Ethereum holdings since year end 2024.

Year-to-date BTCS has raised $62.4 million to support the execution of our DeFi/TradFi…

— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) July 14, 2025

The synergy around Ethereum comes amid interest in the network’s ā€œprotocol-level activities,ā€ according to BitMine, which cited DeFi, staking, andĀ stablecoinsĀ as distinguishing elements.Ā 

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Analysts also say it may be the right time to invest in Ethereum, as experts highlight early signs of an altcoin season. Among the signs is a falling Bitcoin dominance despite BTC price hitting new highs. Similarly, the altcoin season index recently hit a multi-month high. It’s like the altcoins are finally getting their moment in the sun. ā˜€ļø

I can’t believe that I’m saying this, but maybe it’s actually time to rotate more towards $ETH.

— Byzantine General (@ByzGeneral) July 15, 2025

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2025-07-16 10:11