crypto

Yaël Bizouati-Kennedy7/16/25

Peter Thiel’s fund reveals 9.1% stake in BitMine, shares explode higher

Peter Thiel’s Founders Fund bought a 9.1% stake in BitMine Immersion Technologies, according to SEC filings, a major vote of confidence in the crypto mining and (newly launched) ethereum treasury company from the billionaire cofounder of PayPal and Palantir.

Shares are soaring 17% in premarket trading on the news, bringing year-to-date gains to the cusp of 500%.

Earlier this week, BitMine announced that its ethereum holdings exceeded $500 million, totaling 163,142 ethereum, following the closing of its $250 million private placement.

“We are pleased that we added significantly to our ETH treasury just 3 days after closing our private placement,” Jonathan Bates, BitMine Immersion Technologies CEO, said in the press release. “Clearly, Wall Street is getting ‘ETH-pilled.’”

On June 30, BitMine announced the launch of its ethereum treasury and named Tom Lee, founder of Fundstrat and CIO of Fundstrat Capital, chairman of the board of directors, propelling the stock up 400%.

Ethereum has also been on a roll, outpacing Bitcoin in the past 24 hours.

“Seeing ethereum breaking out above $3,100 during a bitcoin rally isn’t just market noise — we are finally seeing the cyclical shift in bitcoin dominance that signals the start of ETH’s outperformance. And the most promising part is that this growth is, maybe for the first time, not fueled by hype, but by tangible institutional behavior,” Kevin Rusher, founder of real-world asset borrowing and lending ecosystem RAAC, told Sherwood News.

More Crypto

Yaël Bizouati-Kennedy10/17/25

Crypto liquidations reached $1.2 billion in the past 24 hours, according to CoinGlass data, as bitcoin continued its downward trajectory. Bitcoin suffered $458.24 million in liquidations, with the bulk of them — over $334 million — in long positions. Meanwhile, the second-biggest crypto, ethereum, saw the second-biggest figure for liquidations yesterday, with $278 million.

Bitcoin slipped as far as $103,856 early Friday morning, its lowest level since July, and is down 13% in the past seven days. The sell-off dragged the total crypto market cap down to $3.67 trillion, down 5.5%. Underscoring the market anxiety, CoinMarketCap’s fear and greed index is now at 28.

Bitcoin ETFs also suffered, registering $536 million in outflows on Thursday. The Ark 21 Shares Bitcoin ETF took the biggest hit, with $275.15 million in outflows. Since Monday, bitcoin ETFs have seen $864.5 million in outflows.

Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood News that bitcoin’s slump looks like a classic risk-off chain reaction.

“Credit jitters and trade tensions pushed money into gold at record highs while leveraged crypto longs were forced to unwind. Once the liquidations exhaust and policy fog clears, the same macro buyers chasing safety today are likely to hunt value in BTC again,” Vujinovic said.

SharpLink Gaming announces $76.5 million capital raise and potential to more than double that

An analyst noted that “flows and positioning, not fundamentals, are shaping the ETH story right now.”

Money in fist

Yaël Bizouati-Kennedy

Desperately Seeking Uptober

Bitcoin drops below $110,000, while treasuries slow down acquisitions

Glassnode analysts wrote that “the market is in a reset phase.”

Bitcoin sign balloon deflated

Ethereum ETFs flip black as the token rebounds above $4,000

SharpLink Gaming generated 488 ethereum tokens worth about $2 million from staking last week, while ETHZilla announced a reverse stock split at a 1-for-10 ratio.

Two Basketball Players

Yaël Bizouati-Kennedy10/15/25

The US government seized 127,271 bitcoin, worth $15 billion, in what it calls the Department of Justice’s “largest ever forfeiture action.”

The indictment against Chen Zhi, chairman of Cambodian conglomerate Prince Group, alleges that he engaged in wire fraud conspiracy using forced labor in Cambodia.

“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large,” according to a DOJ press release.

This is “exactly the kind of outcome the Strategic Bitcoin Reserve was designed to enable,” Zack Shapiro, managing partner at Rains Law and head of policy of the Bitcoin Policy Institute, said on X.

This significantly increases the size of the US’s strategic reserve, which held over 197,000 bitcoin before the seizure. As of today, Arkham Intelligence data shows it’s holding 324,780 bitcoin, worth over $37 billion.

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