Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging

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Peter Thiel, president and laminitis of Clarium Capital Management LLC, holds 100 dollars bills arsenic helium speaks during the Bitcoin 2022 league successful Miami, Florida, U.S., connected Thursday, April 7, 2022. 

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Bitmine (BMNR) 1-month

The existent question of involvement successful Ethereum and related assets follows an announcement by Robinhood that it will enable trading of tokenized U.S. stocks and ETFs crossed Europe, and a groundswell of involvement successful stablecoins passim June following Circle's wildly palmy IPO and ongoing advancement successful Congress connected the Senate's projected stablecoin bill, the GENIUS Act.

The terms of ether itself besides continued its rally, up much than 4% Wednesday. The coin has doubled successful terms successful the past 3 months.

Thiel is simply a task capitalist and hedge money manager champion known arsenic a cofounder of some PayPal and Palantir and an aboriginal capitalist successful Facebook. Founders Fund was an capitalist successful Tagomi, the crypto brokerage acquired by Coinbase successful 2020, and Polymarket, the prediction marketplace built connected Ethereum.

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