founder Peter Thiel's stake reveal
16/07/2025 13:17
July 16 (Reuters) - Shares of Bitmine Immersion Technologies BMNR.A jumped in premarket trading on Wednesday after tech billionaire Peter Thiel disclosed a 9.1% stake in the crypto mining and services company. Palantir co-founder Thiel has publicly praised bitcoin, a currency based on blockchain technology, and his Silicon Valley venture capital firm Founders Fund was among the earlier investors in crypto. Thiel's stake was revealed in a U.S. Securities and Exchange Commission 13D filing after markets closed on Tuesday. Shares rose 20.5% to $48.12 in heavy volumes. The stock received a boost in early June after it announced a $250 million private placement to initiate ethereum treasury strategy and said Fundstrat Global Advisors head of research, Thomas Lee, would serve on its board. The $2 billion market value firm engages in proprietary bitcoin mining and provides hosting services for third-party digital asset mining equipment. (Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai) ((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;))