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Billionaire investor Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, sparking a 12.5% surge in the company’s stock. The move highlights growing institutional interest in crypto mining firms.
- Peter Thiel's Founders Fund acquired 5.09 million shares (9.1% stake) in BitMine.
- BitMine's stock price surged 12.5% in after-hours trading following the investment disclosure.
- Thiel's net worth of $22.7 billion makes him a influential figure in tech and crypto investments.
📎 Related coverage from: cointelegraph.com