Peter Thiel’s Founders Fund Holds 9.1% Stake in Ether Treasury Company BitMine

Peter Thiel’s Founders Fund holds a 9.1% stake in BitMine Immersion Technologies Inc., a US-listed Bitcoin miner that recently pivoted to pursue a treasury strategy tied to Ether.

Entities belonging to Founders Fund and managed by Thiel acquired around 5 million shares in BitMine earlier this month, according to a regulatory filing published on Tuesday. The transaction was led by MOZAYYX, which received a 9.99% stake in the business, a separate filing showed. Founders Fund participated alongside Pantera, FalconX, Kraken, Galaxy Digital and others in the transaction.