Share this article
Peter Thiel Reveals 9.1% Stake in Tom Lee's ETH-Focused Bitmine Immersion Technologies
BMNR is ahead 25% today, with ether up another 9% as interest continues to build in ETH corporate treasury strategies.
Jul 16, 2025, 3:10 p.m.
What to know:
- An SEC disclosure revealed funds associated with prominent tech investor Peter Thiel had acquired a 9.1% stake in Bitmine Immersion Technologies.
- The firm is one of growing number of public companies that recently pivoted to a crypto treasury strategy centered on Ethereum's ETH.
- Bitmine, helmed by Fundstrat's Thomas Lee, has acquired over 163,000 ETH, valued at more than $500 million.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 ether pivot announced last last month.
Excitement continues to grow around the growing trend of corporate ETH acquisition strategies, and it's giving a boost to ETH itself, which is up another 9% today and 23% over the past week. That compares to bitcoin's more modest 9.6% advance over the past seven days.
Other ETH treasury firms also surged during Wednesday's session. Sharplink Gaming (SBET) was up 17%, while BTCS was 25% higher as it was added to the Russel Microcap index.
Read more: Altcoins Outperform as Rally Gains Steam: Crypto Daybook Americas
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
What to know:
- Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues.
- The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year.
- Despite regulatory challenges, Coinbase is investing in India, including increasing its stake in local exchange CoinDCX.
Top Stories
