Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Peter Thiel Bets Big on Ethereum With $500M-Backed BitMine Stake

Peter Thiel Bets Big on Ethereum With $500M-Backed BitMine Stake

DailyCoinDailyCoin2025/07/16 16:06
By:DailyCoin

Peter Thiel’s Founders Fund has acquired a 9.1% stake in BitMine Immersion Technologies, marking a significant vote of confidence in the firm’s Ethereum-focused strategy. 

The purchase was disclosed in a Schedule 13G filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday.

Sponsored

BitMine, a digital asset mining and treasury firm, is building what it claims will be one of the largest corporate Ethereum treasuries. The company has amassed more than 163,000 ETH, worth over $500 million, funded in part by a recent $250 million private placement involving several high-profile crypto investors.

The Thiel-linked acquisition includes 5,094,000 shares spread across multiple investment entities. 

The private placement saw over 55 million shares sold at $4.50 apiece, with proceeds directed toward expanding BitMine’s Ethereum holdings. The news sent BitMine’s stock up by 15.47%, pushing its market capitalization to nearly $2.12 billion.

Corporate Ethereum Treasuries Gain Traction 

While corporate treasuries holding Bitcoin have become more common in recent years, Ethereum has lagged in similar adoption. That trend may be shifting.

With staking offering yield opportunities and decentralized finance (DeFi) enabling asset productivity, Ethereum is emerging as a more dynamic treasury asset.

BitMine isn’t alone in this pivot. Earlier in July, SharpLink Gaming announced a $225 million Ethereum purchase, positioning itself among the largest corporate ETH holders to date.

ETH Sees Renewed Momentum

Ethereum’s price rose above $3,170 on Tuesday, gaining 6.3% in 24 hours and 21.3% over the past week, reaching levels last seen in February. 

Peter Thiel Bets Big on Ethereum With $500M-Backed BitMine Stake image 0 Peter Thiel Bets Big on Ethereum With $500M-Backed BitMine Stake image 1 Ethereum (ETH) price surpassed the $3,100 mark for the first time since February. Source. CoinMarketCap

Analysts point to the growth of stablecoins and tokenization as key tailwinds. Bank of America highlighted the GENIUS Act and expanding use of stablecoins as major catalysts, with Ethereum serving as the infrastructure backbone for programmable tokens.

Why This Matters

Thiel’s investment in BitMine signals rising institutional interest in Ethereum’s broader financial role, potentially mirroring the precedent set by MicroStrategy’s Bitcoin strategy. As regulatory clarity around stablecoins improves and staking becomes mainstream, Ethereum could see increased adoption on corporate balance sheets.

Discover DailyCoin’s trending crypto scoops:

LUNC to Moon? Terra Luna Classic Eyes 555% Surge
Shiba Inu’s (SHIB) Price Forming a ‘W’? Here’s What It Means

People Also Ask:

What is an Ethereum treasury?

An Ethereum treasury refers to a reserve of ETH held by a company or institution, often for long-term strategic, financial, or operational purposes.

Why are companies adding Ethereum to their treasuries?

Firms view ETH as a productive asset thanks to staking yields, DeFi integration, and its foundational role in tokenized finance and smart contracts.

What makes Ethereum different from Bitcoin in a treasury strategy?

While Bitcoin is often treated as digital gold, Ethereum offers additional utility through staking, smart contracts, and ecosystem participation.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hong Kong Needs a Liquidity Revolution

In the past two decades, Hong Kong was once the jewel of Asia's capital markets. But today, the Hong Kong stock market faces an undeniable reality: insufficient liquidity. Trading volumes have declined, valuations have remained depressed for a long time, and the financing capacity of high-quality companies is severely constrained. The issue is not a lack of quality companies in Hong Kong, but a lack of new liquidity absorption models. In the new global capital landscape, liquidity determines market pricing power and influence. Wall Street holds this influence, using ETFs, derivatives, and structured products to continuously cycle funds and assets, creating a vast liquidity network. In contrast, Hong Kong's capital market remains stuck in a traditional model of placements, IPOs, and secondary market trading, and is in urgent need of a new "liquidity revolution."

ForesightNews2025/09/06 12:25
Hong Kong Needs a Liquidity Revolution

SEC unveils cross-border task force to tackle fraud

Share link:In this post: The US SEC has announced the formation of a new cross-border task force to tackle international fraud. The group is expected to help the SEC in its fight against international bad actors targeting US investors. The cross-border task force will also be charged with overseeing violations related to securities laws.

Cryptopolitan2025/09/06 12:20

Warner Bros sues AI-image generator Midjourney over alleged character images theft

Share link:In this post: Warner Bros has initiated legal actions against AI startup Midjourney, claiming copyright infringement. The company claimed Midjourney knowingly engaged in wrongful conduct by generating its high-quality images for its subscribers. Warner Bros claims that the lawsuit was filed to protect its partners, content, and investments.

Cryptopolitan2025/09/06 12:20
Warner Bros sues AI-image generator Midjourney over alleged character images theft

InfoFi Faces a Slump: Rule Upgrades, Shrinking Yields, and Platform Transformation Dilemma

Creators and projects are leaving the InfoFi platform.

Chaincatcher2025/09/06 11:47
InfoFi Faces a Slump: Rule Upgrades, Shrinking Yields, and Platform Transformation Dilemma