Peter Thiel Just Backed an Ethereum Miner -- and the Stock Took Off

Faizan Farooque

Mon, Jul 21, 2025, 12:08 PM 1 min read

Peter Thiel just threw his weight down Ethereum again.

The billionaire capitalist and PayPal co-founder has taken a sizable involvement successful a crypto mining institution that's going all-in connected Ethereum (ETH-USD), according to a study from Business Insider. While the miner wasn't named successful the story, that didn't halt investors from piling in. BMNR banal surged arsenic overmuch arsenic 30% aft the disclosure of Thiel's 9.1% stake.

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It's a bold determination astatine a clip erstwhile Ethereum is inactive figuring retired its post-Merge identity. Even with the displacement distant from proof-of-work, mining adjacent operations particularly those optimizing validator infrastructure and Layer-2 enactment are drafting attention.

For Thiel, it's not a one-off. He's agelong been a believer successful crypto's disruptive potential, backing firms similar Bitpanda and Layer1 successful the past. This latest concern suggests helium sees Ethereum arsenic much than conscionable a tech furniture helium sees it arsenic halfway fiscal infrastructure.

The market's reaction? Loud and clear. Investors are paying attention, and truthful is the remainder of the crypto world.

This nonfiction archetypal appeared connected GuruFocus.