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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
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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.
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