Peter Thiel

Founders Fund Walks Away From ETHZilla, Citing Volatility and Balance Sheet Strain

Peter Thiel’s Founders Fund has exited its ETHZilla Ether treasury position, pointing to market volatility and pressure on its balance sheet. The move highlights wider difficulties for public Ether treasury strategies among institutional holders.

Peter Thiel's 9.1% Stake Spurs 15% Surge in Bitmine Immersion Technologies Shares – cover image
Peter Thiel's 9.1% Stake Spurs 15% Surge in Bitmine Immersion Technologies Shares

Shares of Bitmine Immersion Technologies jumped nearly 15% following tech billionaire Peter Thiel's announcement of a 9.1% stake in the company. This significant investment highlights growing interest from high-profile crypto supporters.