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Peter Thiel's Investment in BitMine Boosts Ethereum Prices

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by Giorgi Kostiuk

4 hours ago

Peter Thiel's recent acquisition of a stake in BitMine highlights the growing interest in Ethereum within the cryptocurrency market.

Peter Thiel's Investment in BitMine

Peter Thiel, co-founder of PayPal, has acquired a 9.1% stake in BitMine Immersion Technologies. According to SEC filings, his firm is now the largest investor in this Ethereum-focused project.

Ethereum Market Growth

Following this announcement, Ethereum's price rose by 22.50% over the past week. As of July 20, 2025, Ethereum's value reached $3,610.83, marking a 1.69% increase in the last 24 hours.

Impact of Institutional Investments on Cryptocurrencies

The growing interest from institutional investors has been a key driver in Ethereum's rise. Research by the Coincu team suggests that such investments could stabilize Ethereum's technological infrastructure.

Peter Thiel's investment in BitMine underscores the significance of institutional investments in the cryptocurrency market, potentially influencing Ethereum's future development.

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