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Peter Thiel-Backed BitMine Doubles Down on Ethereum—Now Holds $1B in ETH

Peter Thiel-Backed BitMine Doubles Down on Ethereum—Now Holds $1B in ETH

Published:
2025-07-18 19:06:07
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BitMine just loaded up its crypto war chest—again. The Peter Thiel-backed firm now holds a staggering $1 billion in Ethereum, cementing its bet on ETH as institutional demand surges.

Why it matters: While Wall Street still debates crypto's legitimacy, BitMine's billion-dollar move screams conviction. Either they've cracked the code—or they're about to become a very expensive cautionary tale.

The punchline: In a world where 'diversification' is finance gospel, someone forgot to tell these guys. All-in on ETH? Bold. Reckless? Ask us after the next market cycle.

Peter Thiel-Backed BitMine Gobbles Up More Ethereum, Hits $1B in ETH Holdings

|Square

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