Peter Thiel-led Founders Fund sells half of its Bitmine stake

Founders Fund, the venture capital firm led by PayPal co-founder Peter Thiel, has sold half of its stake in Bitmine (Nasdaq: BMNR), according to a filing with the U.S. Securities and Exchange Commission (SEC). Bitmine is a Nasdaq-listed company with a significant investment focus on Ethereum (ETH). Following the sale, Thiel now holds 2,547,001 shares in the company.