Billionaire venture capitalist Peter Tiel has acquired a 9.1% stake in Crypto Immersion Technologies, led by Fundstrat founder and CIO Tom Lee, according to the new SEC. Submit.
Reporting that he shared the power of votes and violations of over 5,094,000 shares, Thiel is on the growing list of supporters for institutions turning to companies from cryptocurrency, not only for their mining capabilities but also for their role as a large holder of digital assets.
Bitmine has established itself as a leading Ethereum finance company. July 14th, Company Disclosure Its ETH holdings exceeded 163,000 ETH, valued at approximately $500 million. That’s more than twice the $250 million raised on private property just five days ago.
Bitmine’s strategy reflects the Bitcoin Playbook pioneered by MicroStrategy and is now rebranded as a strategy. Over 600,000 BTC accumulated And they redefine how public companies treat Crypto as a balance sheet asset.
The acquisition, alongside other high-tech billionaires, reportedly founded Elebor, a bank aimed at filling the gaps Silicon Valley Bank has left to serve technology-centric sectors such as artificial intelligence, crypto, manufacturing and defense.
