Thiel Takes 9.1% Stake in Bitmine, the ETH-Focused Venture Backed by Tom Lee

Bitmine Surges 25% as Peter Thiel Discloses Stake, Ether Rallies on Treasury Demand

Bitmine Immersion Technologies (BMNR), an Ethereum-focused corporate treasury firm led by Fundstrat’s Tom Lee, saw its stock surge 25% on Wednesday following news that billionaire investor Peter Thiel has taken a significant stake in the company.

A filing submitted Tuesday to the U.S. Securities and Exchange Commission (SEC) revealed that Thiel acquired a 9.1% position in Bitmine through a mix of investment vehicles.

Shares of BMNR traded near $48 approaching midday in the U.S., a dramatic rise from the $4 level it hovered around prior to its pivot toward Ethereum treasury strategy late last month.

Investor enthusiasm continues to build around corporate ETH accumulation strategies, with Ether itself climbing another 9% on the day and 23% over the past week. That performance stands in stark contrast to bitcoin, which gained a comparatively modest 9.6% over the same period.

The rally extended beyond Bitmine. Other ETH-centric treasury firms also saw strong gains—Sharplink Gaming (SBET) rose 17%, while BTCS surged 25% following its inclusion in the Russell Microcap Index.