Peter Thiel has acquired a 9.1% stake in BitMine, the ETH strategic reserve company

Odaily Planet Daily reported that SEC documents showed that PayPal co-founder and Silicon Valley venture capital giant Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine was originally a Bitcoin mining company, but has now transformed into an ETH strategic reserve company. On July 14, the company disclosed that it held 163,142 ETH, worth more than $500 million.