Peter Thiel Acquires 9.1% Stake in Ethereum Treasury Firm BitMine

Peter Thiel's Founders Fund has acquired a 9.1% stake in BitMine Immersion Technologies, signaling strong institutional confidence in Ethereum as a treasury-grade asset. BitMine has rapidly amassed over 163,000 ETH, valued at around $500 million, following a $250 million private placement aimed entirely at expanding its Ethereum holdings. This move positions BitMine as an Ethereum analogue to MicroStrategy's Bitcoin strategy, emphasizing Ethereum's growing role in corporate treasury allocations and yield-bearing digital assets. Ethereum's price has surged over 6% recently, boosted by staking infrastructure, ETF discussions, and expanding decentralized finance, reflecting broader investor enthusiasm across the Americas and Europe. Analysts note that stablecoins and tokenization are key growth drivers, with Ethereum serving as the infrastructure backbone for programmable tokens, further enhancing its appeal as a dynamic treasury asset. Thiel's investment marks a shift from Bitcoin maximalism toward a diversified crypto ecosystem, encouraging other institutional players to consider Ethereum exposure.