According to a filing with the US Securities and Exchange Commission (SEC), Founders Fund has sold half of its stake in BitMine and now holds 2,547,001 shares of the company.
Previously, entities related to Peter Thiel owned a total of 5,094,000 shares, representing about 9.1% of BitMine's issued shares, according to data published in SEC filings.
- Founders Fund sold half of its position in BitMine.
- The fund currently holds 2,547,001 shares of BitMine.
- Peter Thiel and related entities hold a total of 5,094,000 shares, or 9.1%.
Transaction details
SEC filings show Founders Fund partially reduced its position in BitMine, leaving it with 2,547,001 shares after the transaction.
SEC data is the primary source of information on trading volume and current holdings. These filings typically show the number of shares bought/sold and changes in ownership by major shareholders.
A filing with the US Securities and Exchange Commission (SEC) shows that Founders Fund reduced its position and the number of shares it currently holds is 2,547,001.
Filings with the Securities and Exchange Commission (SEC)
Implications for ownership and control ratio
Founders Fund's sale of half of its position directly reduces the fund's ownership in BitMine, but the total ownership related to Peter Thiel still reflects a larger holding.
If the related entities still hold a total of 5,094,000 shares, then collective control may not have changed significantly, but the allocation between the entities (e.g., Founders Fund and other entities) has fluctuated.
Market consequences and investor expectations
Major shareholder transactions are often watched by the market because they can affect stock supply and demand expectations and investor sentiment.
The specific impact depends on volume relative to BitMine's stock liquidation and additional information from other major shareholders; investors should monitor additional SEC filings for clarity.
Is Founders Fund still a major shareholder?
Founders Fund still holds 2,547,001 shares; whether it is still classified as a major shareholder depends on the reporting threshold and the total number of outstanding shares of BitMine.
How does this sale change Peter Thiel's ownership?
Peter Thiel and related entities are still recorded as owning a total of 5,094,000 shares (approximately 9.1%); the Founders Fund sale only changes the allocation in related entities if the figures stated are accurate.
Where is the main source of information?
Information based on filings with the US Securities and Exchange Commission (SEC) regarding changes in ownership of major shareholders.
