Peter Thiel’s Bold Bet: 9% Stake in Crypto Stock That Rocketed 400% This Year
Silicon Valley's contrarian king strikes again—this time with a crypto play that's already printing generational wealth.
When Peter Thiel buys, markets listen. The billionaire investor just grabbed a 9% stake in a digital asset stock that's up 400% in 2025 alone. No explanations, no roadshows—just classic Thiel alpha-hunting while Wall Street analysts scramble to update their PowerPoints.
The move signals deeper institutional conviction in crypto's infrastructure plays—even as TradFi veterans still argue about 'tulips' between martini lunches.
One thing's clear: When the smart money stops debating and starts accumulating, retail investors are usually the last to know. Will this be another Thiel masterclass... or the first time his Midas touch fails? Either way—the FOMO starts now.
Stock performance chart showing PLTR up 426%, BMNR up 286%, and PYPL up 18% – Source: TradingView
The disclosure shows that Thiel acquired approximately 5.09 million shares, making him one of its largest shareholders. BitMine’s stock price was pushed up 17% to $46.91 in mid-day trading Wednesday, which happened after the news broke.
BitMine’s Ethereum Bet Signals Institutional Buying and Crypto Surge
The founders fund crypto bet on BitMine represents growing institutional confidence in ethereum as a treasury asset, and it’s actually quite significant. BitMine recently disclosed it had a total holding of 163,142 coins, worth more than $500 million at the time of writing. The Peter Thiel’s BitMine investment validates the company’s transformation from Bitcoin mining to an Ethereum treasury powerhouse, along with other strategic moves.
Tom Lee’s Vision Attracts Major Investors
BitMine’s Ethereum holdings strategy was led by Fundstrat’s Tom Lee as Chairman, and the results have been impressive. The company’s $250 million private placement included participation from the founders fund crypto bet alongside Pantera Capital and also Galaxy Digital, among others.
Thomas Lee said:
Thomas Lee had this to say:
Institutional Ethereum Buying Accelerates
Institutional Ethereum buying gains momentum as companies recognize ETH’s utility, and major players join the trend. The Peter Thiel BitMine investment timing coincides with broader crypto market developments that are happening right now.
Jonathan Bates, CEO of BitMine, also stated:
The BitMine stock 2025 performance has been remarkable, with the stock being driven up from its $8 debut price. BitMine’s Ethereum holdings now provide access to native protocol features including staking and DeFi mechanisms, which is actually quite valuable. Institutional Ethereum buying interest continues growing as the founders fund crypto bet validates Ethereum’s treasury potential, and analysts expect more companies to follow suit.
