Peter Thiel’s Founders Fund has significantly decreased its stake in Bitmine, a move that reflects changing investment strategies within the cryptocurrency sector. The fund now holds approximately 2.547 million shares, down from a previous holding of over 5 million shares, according to recent SEC filings. This decision does not impact Bitmine’s core Ethereum strategy or operations. The company remains dedicated to expanding its holdings in this prominent cryptocurrency. 📈 The reduction in Founders Fund’s stake has sparked responses from other institutional investors. ARK Invest, led by Cathie Wood, saw an opportunity and increased their positions in Bitmine, highlighting continued interest in the company’s performance. This strategic shift could trigger market volatility as larger stakes adjustments often influence investor behavior and potentially impact crypto markets.