Bitmine Immersion Technologies (BMNR) is up more than 20% in afternoon trading after billionaire investor Peter Thiel announced a 9.1% stake in the Ethereum (ETHUSD) treasury stock. Thiel’s revelation arrives only weeks after the firm named Fundstrat’s Tom Lee its chairman and raised $250 million from a consortium of accredited investors,

Bitmine Immersion Technologies recently launched an ether buying strategy and named Fundstrat's Tom Lee chairman.

Bitmine Immersion Technologies Inc (BMNR) opened nearly 20% up on Wednesday after Peter Thiel revealed a 9.1% stake in the Ether treasury company. The billionaire investor has built a sizable stake in the Tom Lee-chaired business at a time when ETH-linked assets are rallying hard on optimism tied to the Senate’s recent approval of the “GENIUS