Peter Thiel Reveals 9.1% Stake in Tom Lee's ETH-Focused Bitmine Immersion Technologies

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Bitmine Immersion Technologies (BMNR), the ether treasury strategy steadfast helmed by Fundstrat's Thomas Lee, is rebounding connected Wednesday connected quality that salient tech capitalist Peter Thiel invested successful the company.

According to a Tuesday filing to the U.S. Securities and Exchange Commission (SEC), Thiel purchased 9.1% of the firm's communal shares done assorted concern funds.

BMNR shares were up 25% approaching the noon hr successful the U.S., changing hands astatine astir $48. It was a $4 banal anterior to the ether pivot announced past last month.

Excitement continues to turn astir the increasing inclination of firm ETH acquisition strategies, and it's giving a boost to ETH itself, which is up different 9% contiguous and 23% implicit the past week. That compares to bitcoin's much humble 9.6% beforehand implicit the past 7 days.

Other ETH treasury firms besides surged during Wednesday's session. Sharplink Gaming (SBET) was up 17%, portion BTCS was 25% higher arsenic it was added to the Russel Microcap index.

Read more: Altcoins Outperform arsenic Rally Gains Steam: Crypto Daybook Americas

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