Mentioned:
Peter Thiel believes in Ethereum. Which is exactly why he is taking large equity positions in multiple public companies going all in on Ethereum accumulation.
What’s happening:
- Peter Thiel has recently taken significant ownership positions in BitMine Immersion Technologies (NYSE: BMNR) and 180 Life Sciences (NASDAQ: ANTF) according to filings made with the United States Securities and Exchange Commission
By the numbers:
- Peter Thiel’s Founders Fund owns a 9.1% equity stake in BitMine Immersion Technologies
- Peter Thiel’s Founders Fund owns a 7.5% equity stake in 180 Life Sciences
Why it matters:
- Ethereum has been experiencing an enormous surge in demand through the traditional public markets lately, which has been fuelled by rapid growth in inflows into spot Ethereum ETFs and multiple publicly listed companies accumulating Ethereum to hold directly as an asset
Going deeper:
- BitMine Immersion Technologies has been raising capital relentlessly to acquire Ethereum and is now the single largest holder of Ethereum amongst all publicly traded companies in the world, with roughly $4.96B USD of Ethereum
