Publicly-traded Bitcoin miner BitMine Immersion has bought more Ethereum and now has over $1 billion in the cryptocurrency.

Peter Thiel’s Founders Fund acquires 9.1% of BitMine, pushing stock up 15%. The move validates Ethereum as a core treasury asset for institutional.

BitMine has overtaken the Ethereum Foundation by holding over $1 billion in ETH, with plans to stake 5% of circulating supply ...

Bitmine Immersion Technologies; $250M Ethereum pivot amidst crypto surges raises valuation concerns. Read here for more ...

Ethereum treasury companies scooped up more than 545,000 ether worth at least $1.6 billion, CoinTelegraph reported.

BitMine now holds over 300,000 ETH, including options, as part of an aggressive strategy to secure 5% of the token's supply.