Peter Thiel Reveals 9.1% Stake in Tom Lee's ETH-Focused Bitmine Immersion Technologies
2025-07-16 15:55:18
Main Idea
Peter Thiel has acquired a 9.1% stake in Bitmine Immersion Technologies (BMNR), a firm focused on ether treasury strategies, leading to a 25% surge in BMNR shares and increased interest in ETH corporate treasury strategies.
Key Points
1. Peter Thiel purchased 9.1% of Bitmine Immersion Technologies (BMNR) common shares, as per an SEC filing.
2. Bitmine, led by Fundstrat's Thomas Lee, has acquired over 163,000 ETH, valued at more than $500 million.
3. BMNR shares rose 25% following the news, while ETH itself gained 9% in a day and 23% over the past week.
4. Other ETH treasury firms, such as Sharplink Gaming (SBET) and BTCS, also saw significant gains during Wednesday's session.
Description
Bitmine Immersion Technologies (BMNR), the ether treasury strategy firm helmed by Fundstrat's Thomas Lee, is rebounding on Wednesday on news that prominent tech investor Peter Thiel invested in the company. According to a Tuesday filing to the U.S. Securities and Exchange Commission (SEC), Thiel purchased 9.1% of the firm's common shares through various investment funds. BMNR shares were up 25% approaching the noon hour in the U.S., changing hands at around $48. It was a $4 stock prior to the et...
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