Well, dear reader, gather āround as we witness a rather delightful spectacle in the world of crypto! Shares of BitMine Immersion Technologies decided to perform a pirouette after-hours on Tuesday, dancing up a sprightly 12.5%āthanks to none other than our dashing billionaire friend, Peter Thiel! It seems our Peter couldnāt resist the siren call of a 9.1% stake in the firm. Talk about a romantic rendezvous! š
According to the latest gossip from the regulatory filing, Thiel, through his extensive network of venture capital machinations at Founders Fund, has gobbled up a staggering 5.09 million shares. What a feast! š„³
For those unacquainted with this financial gentleman, Thiel is already a heavyweight contender in the arena of venture capitalism, famed for his co-founding of the payments giant PayPal and that rather ominous-sounding defense contractor, Palantir Technologies. His bank account is bulging at an estimated $22.7 billion, allowing him to sit root beer-float level on Forbesā list of the worldās richest at a respectable 92nd place. Keep it up, Peter! š
Sparking intrigue earlier this month, Thiel and his tech-savvy chums decided to file for a bank charter to create the rather grand-sounding Ereborāa new financial institution aimed at stepping into the spotlight vacated by the fallen crypto-friendly Silicon Valley Bank. Quite the endeavour, I must say! š¦
And let us not forgetāThielās Founders Fund is reportedly steering the ship of a $200 million funding round for the prediction market sensation, Polymarket, at a praiseworthy valuation of $1 billion! Money seems to burn a hole in his pocket, or perhaps he just enjoys the company of digits. š„
BitMine stock rallies
In the thrilling theatre of yesterdayās trading, BitMine (BMNR) was seen flouncing down 2.5% for the day, only to engage in a dramatic comeback of 12.5% post-bell, strutting its stuff at an enviable $44.97 according to Google Financeāperhaps playing coy with investors. š
At one particularly splendid moment after trading hours, stocks flirted with an alluring price of $48.5ārepresenting a cheeky jump of over 21% from the close of the regular trading session. Fancy that! š
Oh, and in the grand tango of numbers, this delightful stock is up nearly 400% since it first graced the US market on May 8, debuting at a humble $8āa transformation worthy of a Broadway show! š
In the last quarterlyās performanceātruly marvelousāour dear firm reported an impressive net revenue increase of 67.5% year-on-year, while net profits sauntered up by 43.18%. Bravo! š
BitMineās ETH bet
Just this Monday, BitMine revealed its treasure chest now holds over half a billion dollars worth of Ether (ETH). Why, thatās more glimmer than a Smith & Wessonās silver plated finish! š
As of now, they flaunt a reserve of over 163,000 ETH, acquired at an average price of $3,072 per token. Might we say, how astute! š§
To kickstart this jewel of a treasury, the firm recently raised a cool $250 million through a private placement that wrapped up on July 9, proving that fortune favors the boldāor at least those with deep pockets! šø
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2025-07-16 09:37