Peter Thiel Dey Back Bullish $4.23B IPO and BitMine 5% ETH Strategy
Peter Thiel–backed Bullish don file for US IPO wey make crypto asset platform dey worth $4.23 billion. Di company wan sell 20.3 million shares for $28–$31 each, dem wan raise up to $629 million. Di money from Bullish IPO go mainly take invest for US dollar–backed stablecoins to strong di capital base and show say crypto platforms dey more connected to regulated markets. Meanwhile, BitMine—another Thiel-backed company—get over $3 billion inside Ethereum (ETH) now. Under new chairman Tom Lee, BitMine bold Ethereum plan na to get 5% of all ETH wey dey. Dis move resemble big Bitcoin treasury holdings wey company like MicroStrategy get, fit give dem better chance for Wall Street. Dis tins show how institutional people dey enter crypto, possible regulatory changes fit come, plus market go dey deep as public listings and big asset buys dey change di whole ecosystem.
Bullish
Di tori beta for crypto market. Big Bullish IPO wey value hin $4.23 billion dey show say many big organization dey trust am and dem channel money well, like how Coinbase do their 2021 listing wey make market mentality beta. Plus, BitMine plan to keep 5% of Ethereum supply dey follow MicroStrategy Bitcoin style, e show say ETH get correct place as treasury asset. Short time, these moves fit make people wan buy more ETH and stablecoins, e go make volume plus price stand gidigba. Long term, as many organizations adopt am plus public listings, e fit make market deep, clear, plus regulation clear well, and all dis go support make growth steady and investor mind go dey positive.