# Peter Thiel Takes Big Stake in BitMine

*Author: Bankless*
*Published: Jul 16, 2025*
*Source: https://www.bankless.com/read/peter-thiel-takes-big-stake-in-bitmine*

---

Peter Thiel, through his various financial vehicles, has quietly acquired a 9.1% stake in BitMine Immersion Technologies—triggering a sharp rally in the stock and underscoring institutional confidence in Ethereum-focused strategies.

### What’s the Scoop?
- **Significant Stake Unveiled:** Regulatory filings show Thiel now holds ~5.09 million shares, making him BitMine’s largest individual shareholder at 9.1%, a move that drove the stock up ~15% in early trading.
- **Ethereum Treasury Strategy:** BitMine currently holds 163,142 ETH (plus ~154 BTC), with crypto assets totaling ~$535 million—part of a broader pivot toward building a strong Ethereum treasury.
- **Market Momentum:** The disclosure coincided with ETH hitting a 5½‑month high (~$3,174), boosting sentiment around the firm’s strategic direction.
- **Strategic Board Appointment:** BitMine recently appointed Thomas Lee of Fundstrat to its board and raised $250 million to accelerate its Ethereum-focused initiatives.
- **Institutional Trend:** BitMine joins peers like SharpLink and Bit Digital in shifting from Bitcoin to Ethereum treasuries—a reflection of growing Wall Street appetite for staking, yield generation, and DeFi exposure.
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/peter-thiel-takes-big-stake-in-bitmine)*