Peter Thiel Discloses 9.1% Stake in Tom Lee's Bitmine Immersion Technologies

Peter Thiel has invested 9.1% of his wealth in Bitmine Immersion Technologies, an ether treasury strategy firm led by Fundstrat's Thomas Lee. The investment has boosted the firm's shares by 25% and contributed to the rise of ether, up 9% today and 23% over the past week. Other ether-focused firms have also seen significant gains, with Sharplink Gaming up 17% and BTCS up 25%.

In a significant move that has sparked market interest, billionaire venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, a crypto mining service company. This investment, disclosed through a regulatory filing on Tuesday, has seen BitMine's stock soar, reflecting the growing optimism in the crypto industry [1].

Thiel, known for co-founding PayPal and Palantir Technologies, purchased 5.09 million shares through various arms of his venture capital firm, Founders Fund. This acquisition has led to a substantial increase in BitMine's stock price, with shares rallying 12.5% to $44.97 in after-hours trading. At one point, the stock reached $48.5, marking a more than 21% increase from the end of the regular trading session [1].

The investment comes at a time when the crypto industry is experiencing significant growth and innovation. BitMine's recent financial performance has been robust, with a 67.5% year-on-year increase in net revenue and a 43.18% increase in net profits during the quarter ended May 2025. The company's strategic move to hold more than half a billion worth of Ether (ETH) in its treasury further underscores its commitment to the crypto space [1].

BitMine's stock price surge follows Thiel's broader involvement in the crypto space. Earlier this month, Thiel and other tech billionaires filed for a bank charter to launch a new financial institution called Erebor, aimed at filling the void created by the collapse of the crypto-friendly Silicon Valley Bank in 2023. Additionally, Thiel’s Founders Fund was reportedly leading a $200 million funding round in prediction market platform Polymarket, at a $1 billion valuation. Thiel-backed Bullish, a digital asset exchange, has also reportedly filed confidential paperwork to go public via an initial public offering [1].

Thiel's investment in BitMine has not only boosted the firm's shares but has also contributed to the rise of Ether. On July 2, 2025, Ether (ETH) has seen a 9% increase in value, following a 23% rise over the past week. Other ether-focused firms have also seen significant gains, with SharpLink Gaming up 17% and BTCS up 25% [2].

The increasing institutional interest in Ethereum is evident in SharpLink Gaming's recent move. The company surpassed the Ethereum Foundation in Ethereum (ETH) holdings, now holding 270,000 ETH. This achievement was made possible through a series of strategic investments, including the purchase of 10,000 ETH directly from the Ethereum Foundation. The acquisition positions SharpLink Gaming as the largest holder of Ethereum globally [3].

The strategic shift towards Ethereum by companies like BitMine and SharpLink Gaming reflects a broader trend in the crypto industry. As the crypto market continues to evolve, more firms are adopting Ether as a core financial asset, offering better long-term yield opportunities and enhanced integration with the broader decentralized finance (DeFi) ecosystem [1, 2, 3].

References:
[1] https://www.ainvest.com/news/peter-thiel-acquires-9-1-stake-bitmine-immersion-technologies-shares-surge-12-5-2507/
[2] https://www.ainvest.com/news/ethereum-news-today-peter-thiel-acquires-9-1-stake-bitmine-immersion-technologies-boosting-stock-15-47-2507/
[3] https://www.ainvest.com/news/sharplink-gaming-surpasses-ethereum-foundation-270-000-eth-holdings-2507/