Crypto firm Bitmine surges after Peter Thiel discloses 9.1% stake
16/07/2025 13:02
Corrects market cap to "$2.06 bln" from "$206 bln" in bullet five ** 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 (Reporting by Sanchayaita Roy in Bengaluru) ((Sanchayaita.Roy@thomsonreuters.com;))