According to Foresight News and reported by The Block, BitMine, an Ethereum treasury and crypto mining company backed by Peter Thiel and ARK, launched options trading for its common stock BMNR on the New York Stock Exchange on Wednesday. BitMine plans to acquire 5% of the global Ethereum (ETH) supply. The company's stock price has surged significantly since the announcement of its shift towards ETH accumulation, with Founders Fund now being the largest shareholder, and ARK Invest purchasing $182 million worth of shares for ETH investment this week. As of July 17, the total value of ETH held by BitMine has exceeded $1 billion.

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