Billionaire Peter Thiel Indirectly Enters Ethereum, Discloses Holding Stake in BMNR

By: theblockbeats.news|2025/07/16 10:42:03
0
Share
copy

BlockBeats News, July 16th, Billionaire and top Silicon Valley investor Peter Thiel's Founder Fund Growth II Management revealed in SEC filings submitted late Tuesday that as of July 8th, it held a 9.1% stake in BitMine Immersion Technologies.

BitMine recently announced a shift to an Ethereum reserve strategy, triggering a buying frenzy for the stock. BitMine completed a $250 million initial private placement last week, planning to accumulate the native cryptocurrency of the Ethereum blockchain, ETH. The company announced on Monday that it currently holds a total of 163,142 ETH.

Prior to announcing the Ethereum reserve strategy, BitMine had a market capitalization of only $25.86 million, with the stock price down about 45% year-to-date. According to Benzinga Pro data, as of Tuesday's close, BitMine's market capitalization has risen to approximately $2.12 billion.

-- Price

--

You may also like

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

Continuous cases show that cryptocurrency exchanges are becoming a battleground for traditional finance and tech giants, while also serving as an important stronghold for entering the strategic landscape of Web3.

WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

The Ethereum Race Against Time, Perhaps Truly a Quest for Revival

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

.Top News: Recent Developments in US-Iran Conflict, Military Action to Escalate Further, Trump Rejects Soleimani's Son Taking Over Token Unlock: $W, $RED

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

The essence of investment is to find price dislocation in the future that has already arrived but is not yet evenly distributed.

The $24 Million Heist Behind It: The Most Dangerous Vulnerability in the Crypto World is Actually Human

When a Private Key Meets Real Brutality, Your On-chain Balance is Already a Bounty Map

Popular coins

Latest Crypto News

Read more