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Peter Thiel Reveals 9.1% Stake in Tom Lee's ETH-Focused Bitmine Immersion Technologies
An SEC disclosure revealed funds associated with prominent tech investor Peter Thiel had acquired a 9.1% stake in Bitmine Immersion Technologies. Bitmine, helmed by Fundstrat's Thomas Lee, has acquired over 163,000 ETH, valued at more than $500 million.
BitMine stock surges 400% as Tom Lee joins Ethereum treasury company
BitMine announced the company is adding Fundstrat's Tom Lee as Chairman and announced a $250 million private placement to stack ether as part of the company's treasury strategy. The raise included participants across crypto that have participated in other publicly traded treasury plays, including Pantera Capital and Galaxy Digital.
Tom Lee's Bitmine Surges 3,000% Since ETH Treasury Strategy, but Sharplink's Plunge Warrants Caution
Sharplink Gaming skyrocketed over 4,000% following its $450 million fundraising announcement, only to plunge 90% in the next few weeks.
Bitmine Immersion Technologies; $250M Ethereum pivot amidst crypto surges raises valuation concerns. Read here for more ...
Fundstrat Global Advisors co-founder Tom Lee said on Tuesday that Ethereum is positioned for a significant breakout.
Bitmine Immersion Technologies recently launched an ether buying strategy and named Fundstrat’s Tom Lee chairman.
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