Former PayPal CEO acquires stake in BitMine, a major ETH treasury holder

Peter Thiel, PayPal co-founder and prominent venture capitalist, has acquired a 9.1% stake in BitMine Immersion Technologies, a Bitcoin (BTC) mining company listed on the New York Stock Exchange, according to the U.S. Securities and Exchange Commission’s (SEC) website. BitMine holds 163,142 Ethereum (ETH), valued at about $500 million.