Crypto firm Bitmine surges after Peter Thiel discloses 9.1% stake
ReutersJul 16, 2025 12:57 PM
Shares of crypto firm Bitmine Immersion Technologies BMNR.A surge 20.1% to $47.96 premarket
Billionaire investor Peter Thiel discloses 9.1% stake in co - SEC filing
Earlier this month, co announced $250 million private placement to initiate ethereum treasury strategy; Thomas Lee to serve as chairman
Following this news, BMNR soared almost 700% to its highest since June 2023
As of Tuesday's close, stock up 412.3% YTD with a market cap of $2.06 bln
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