Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging
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Bitmine Immersion Technologies recently launched an ether buying strategy and named Fundstrat's Tom Lee chairman.
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3 min read
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cryptocurrency
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July 16, 2025
08:08 PM
CNBC
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Interestingly, Billionaire Peter Thiel has disclosed a 9% stake in a bitcoin miner through his venture capital firm Founders FundBitmine Immersion nologies recently initiated a buying strategy around ether and appointed market strategist Tom Lee of Fundstrat as chairman of its boardInterest in Ethereum has swelled amid a stablecoin fever ing Circle's IPO and gress on the Senate's posed stablecoin legislationIn this articleETH
CM=BMNR your favorite stocksCREATE FREE ACCOUNTPeter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U. , on Thursday, April 7, 2022
However, Eva Marie Uzcategui | Bloomberg | Getty Imagess of the ether treasury company Bitmine Immersion nologies surged Wednesday after billionaire Peter Thiel disclosed a 9% stake in the firm through his venture capital firm Founders Fund
Conversely, The stock was last higher by 12% (quite telling)
Earlier, it surged as much as 29%
Companies with a similar focus rose in tandem, in today's financial world
SharpLink Gaming, which has also initiated an ETH treasury strategy and whose board is chaired by Ethereum cofounder Joe Lubin, was up 29% (noteworthy indeed)
Bit Digital, which last month exited bitcoin mining to focus on its ETH treasury and staking plans, gained 19%
Bitmine, a bitcoin mining company, recently initiated a buying strategy around ether and appointed market strategist Tom Lee of Fundstrat as chairman of its board to help make it the MicroStrategy of ether (quite telling)
However, The stock has rocketed more than 900% since then
However, Stock Chart IconStock chart iconBitmine (BMNR) 1-monthThe current wave of interest in Ethereum and related assets s an announcement by Robinhood that it will enable trading of tokenized U, in this volatile climate
Stocks and ETFs across Europe, and a groundswell of interest in stablecoins throughout June ing Circle's wildly successful IPO and gress in Congress on the Senate's posed stablecoin bill, the GENIUS Act
The price of ether itself also continued its rally, up more than 4% Wednesday, in today's financial world
Nevertheless, The coin has doubled in price in the past three months, in this volatile climate
Thiel is a venture capitalist and hedge fund manager best known as a cofounder of both PayPal and Palantir and an early investor in Facebook
Nevertheless, Founders Fund was an investor in Tagomi, the crypto brokerage acquired by Coinbase in 2020, and Polymarket, the prediction market built on Ethereum (an important development)
Moreover, Don't miss these cryptocurrency insights from CNBC : Bitcoin entering a less volatile, more sustainable stage, argues Deutsche BankWhere bitcoin and related stocks could be headed next, according to Katie StocktonThese stocks are the best way to play the crypto space in the second half, Wolfe sayswatch nowwatch now11:02Bitcoin climbs as crypto regulation bills stumble in Congress: CNBC Crypto WorldTanaya MacheelCoinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond tradingTanaya Macheelwatch nowwatch now09:58Congress should focus on passing the GENIUS Act: Bitcoin Policy Institute's Zack ShapiroTalia KaplanRead More.
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