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Peter Thiel’s Bold Bet on Bitcoin Mining
1. Peter Thiel Buys 9% of Crypto Miner Bitmine
Peter Thiel now owns 9.1% of crypto mining company Bitmine Immersion Technologies.
The billionaire PayPal cofounder and early Facebook investor made the move into Bitmine, which holds around 154 Bitcoin and 163,000 Ether, valued at over $500 million.
Bitmine stock jumped 15% on the news. Some see it as a strong vote of confidence, not just in Bitmine, but in the long-term value of Bitcoin and Ethereum.
Bloomberg ETF analyst Eric Balchunas says, “Bitcoin exposure is no longer fringe — it’s now part of institutional portfolio theory.”
2. UK Crime Officer Jailed for Stealing Seized Bitcoin
A former naval officer with Britain’s National Crime Agency has been sentenced to five and a half years in prison for stealing £4.4 million worth of Bitcoin. The BTC was part of a seizure from a Silk Road–related drug bust.
It’s a reminder that even law enforcement isn’t immune to the temptation of untraceable digital assets — and why secure custody still matters at every level.
Chainalysis VP Ulisse Dell’Orto says, “Human weakness — not technology — remains the biggest vulnerability in Bitcoin security.”
3. Altcoins Are Popping as Crypto Bills Advance
Bitcoin slipped slightly to around $118,000 this morning in New York City — but altcoins are popping:
* Ethereum +9.5%
* XRP +7.7%
* Solana and Dogecoin each up over 6%
The rally comes as three crypto-related bills advanced in the U.S. House.
Investor Scott Melker of The Wolf Den, a.k.a. The Wolf of All Streets, says, “Altcoins love regulatory clarity. This rotation shows risk appetite is back — at least for now.”
🔗 Want to go deeper? Explore the original sources:
* Peter Thiel’s 9.1% Stake in Bitmine — Reuters
* UK Crime Officer Jailed for Bitcoin Theft — The Guardian
* Altcoin Rally Amid House Crypto Bills — Barron’s
“I’m Ross Brand — tracking what matters in Bitcoin and helping you make sense of it.”
📩 Subscribe at rossbrandbitcoin.substack.com
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rossbrandbitcoin.substack.com
View all episodes
By Ross Brand1. Peter Thiel Buys 9% of Crypto Miner Bitmine
Peter Thiel now owns 9.1% of crypto mining company Bitmine Immersion Technologies.
The billionaire PayPal cofounder and early Facebook investor made the move into Bitmine, which holds around 154 Bitcoin and 163,000 Ether, valued at over $500 million.
Bitmine stock jumped 15% on the news. Some see it as a strong vote of confidence, not just in Bitmine, but in the long-term value of Bitcoin and Ethereum.
Bloomberg ETF analyst Eric Balchunas says, “Bitcoin exposure is no longer fringe — it’s now part of institutional portfolio theory.”
2. UK Crime Officer Jailed for Stealing Seized Bitcoin
A former naval officer with Britain’s National Crime Agency has been sentenced to five and a half years in prison for stealing £4.4 million worth of Bitcoin. The BTC was part of a seizure from a Silk Road–related drug bust.
It’s a reminder that even law enforcement isn’t immune to the temptation of untraceable digital assets — and why secure custody still matters at every level.
Chainalysis VP Ulisse Dell’Orto says, “Human weakness — not technology — remains the biggest vulnerability in Bitcoin security.”
3. Altcoins Are Popping as Crypto Bills Advance
Bitcoin slipped slightly to around $118,000 this morning in New York City — but altcoins are popping:
* Ethereum +9.5%
* XRP +7.7%
* Solana and Dogecoin each up over 6%
The rally comes as three crypto-related bills advanced in the U.S. House.
Investor Scott Melker of The Wolf Den, a.k.a. The Wolf of All Streets, says, “Altcoins love regulatory clarity. This rotation shows risk appetite is back — at least for now.”
🔗 Want to go deeper? Explore the original sources:
* Peter Thiel’s 9.1% Stake in Bitmine — Reuters
* UK Crime Officer Jailed for Bitcoin Theft — The Guardian
* Altcoin Rally Amid House Crypto Bills — Barron’s
“I’m Ross Brand — tracking what matters in Bitcoin and helping you make sense of it.”
📩 Subscribe at rossbrandbitcoin.substack.com
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rossbrandbitcoin.substack.com