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Peter Thiel-Backed BitMine Gobbles Up More Ethereum, Hits $1B in ETH Holdings
Peter Thiel-backed BitMine Immersion now has over $1 billion worth of Ethereum after buying another $500 million this week in ETH, the company said in a statement Thursday. New York Stock Exchange-listed firm (BMNR) said that it now had 300,657 ETH. On Monday, the firm, which shifted its focus from Bitcoin mining to create an ETH treasury less than a month ago, said it had holdings of ETH worth $500 million. "Acquiring $1 billion of ETH is a clear signal of our conviction in Ethereum's long-term value," BitMine CEO Jonathan Bates said in a statement. "We are committed to Ethereum's continued growth and look forward to ... (full story)
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