#Investing" #BMNR

🚨 Peter Thiel-linked entities have snapped up a 9.1% stake in Ethereum treasury firm BitMine Immersion (BMNR), owning over 5M shares, per an SEC filing. 📈

BitMine, which pivoted from Bitcoin mining to holding ~$500M in $ETH , saw its stock soar 400% since adopting this strategy in June. The move mirrors Michael Saylor’s playbook, boosting shareholder value while supporting Ethereum’s decentralization. 💪

BMNR shares jumped 27% in pre-market trading today. Thiel’s Founders Fund has long backed crypto, recently filing for a U.S. IPO with Bullish, a Thiel-supported exchange. 🤑

More companies are piling into crypto treasuries (ETH, BTC, $SOL , $XRP ) as the market surges. Fundstrat’s Tom Lee, BitMine’s acting chairman, is steering the shift. 🌙