Founders Fund has reduced its stake in Bitmine by half and currently holds approximately 2.547 million shares

According to the filing documents submitted to the U.S. Securities and Exchange Commission (SEC), the venture capital firm Founders Fund, led by billionaire and top Silicon Valley investor Peter Thiel, has sold half of its stake in Bitmine. It currently holds 2,547,001 shares in the company.

Earlier reports indicated that Peter Thiel's Founders Fund Growth II Management disclosed that it held a 9.1% stake in BitMine Immersion Technologies as of July 8.