PayPal co-founder Peter Thiel reduces his Bitmine holdings by half, currently holding approximately 2.547 million shares

According to ChainCatcher, documents submitted to the US SEC show that Founders Fund, the venture capital firm led by PayPal co-founder Peter Thiel, has sold half of its holdings in Bitmine. The firm currently holds 2,547,001 shares of the company.

Previous reports indicated that PayPal co-founder Peter Thiel, through his related entities, held a total of 5,094,000 common shares of BitMine Immersion Technologies, Inc. (stock code: 09175A206), accounting for 9.1% of the company's outstanding shares.