BitMine Immersion Shares Soar 15.01% on Peter Thiel's 9.1% Stake

On July 18, 2025, BitMine Immersion shares surged by 15.01% in pre-market trading, marking a significant rise in the company's stock price.

Billionaire Peter Thiel's recent acquisition of a 9.1% stake in Bitmine Immersion Technologies has sparked a notable surge in the company's stock price. This investment signals a strategic shift for Bitmine Immersion, which has been transitioning from a Bitcoin mining company to a leading Ethereum treasury. Thiel's involvement highlights the growing institutional interest in cryptocurrencies and blockchain technologies.

Bitmine Immersion's pivot towards Ethereum has been met with positive market sentiment. The company appointed Tom Lee, a market strategist from Fundstrat, as its chairman to oversee this transition. This strategic move has contributed to the significant increase in the company's stock price, reflecting investor confidence in the company's new direction.

Thiel's investment is part of a broader trend where tech billionaires and venture capital firms are increasingly investing in cryptocurrencies. This trend is driven by the growing acceptance and adoption of digital assets, as well as the potential for substantial returns. Bitmine Immersion's aggressive acquisition of Ethereum and its strategic treasury management have further fueled investor interest.