In a significant development for the crypto market and Ethereum-focused firms, tech billionaire Peter Thiel has acquired a 9.1% stake in Bitmine Immersion Technologies (BMNR)—a public company led by Fundstrat’s Thomas Lee that recently shifted its strategy to focus on Ethereum as a treasury asset.
SEC Filing Reveals Thiel’s Strategic Bet on ETH Treasury Model
A regulatory disclosure filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday confirmed that investment funds tied to Thiel have accumulated 9.1% of BMNR’s common shares.
This move places Thiel among the earliest high-profile tech investors to back a company pivoting toward an Ethereum-centric balance sheet strategy, signaling growing confidence in ETH’s role as a financial reserve in corporate treasuries.
Bitmine’s Strategic Ethereum Pivot Draws Market Attention
Bitmine Immersion Technologies has quickly emerged as a major player in the corporate crypto adoption narrative. The company has acquired more than 163,000 ETH, a position now valued at over $500 million based on recent prices.
The firm’s pivot was first announced in late June, when BMNR transitioned from its previous business model to focus on Ethereum accumulation, staking revenue, and long-term digital asset reserves.
Since then, BMNR’s stock has seen explosive growth—from just $4 per share to $48, representing a 1,100% gain in under a month. The price surged another 25% today following Thiel’s investment news.
Ethereum Rallies Amid Treasury Adoption Surge
Ethereum itself has also benefited from this wave of institutional attention. ETH is up 9% today, trading above $3,250, and has gained over 23% in the past week.
By comparison, Bitcoin has risen 9.6% in the same time period, suggesting a rotation of capital into Ethereum, possibly influenced by ETF inflows and corporate buying.
The Ethereum treasury strategy model is gaining traction, with multiple public companies adopting it in recent weeks, fueling bullish sentiment and upward price momentum for ETH.
ETH Adoption Enters a New Corporate Phase
Peter Thiel’s involvement with Bitmine validates the growing institutional thesis around Ethereum as a treasury-grade asset. As more companies explore ETH accumulation, staking, and DeFi integration, this marks a paradigm shift in digital asset management.
Bitmine’s model may soon become a benchmark for how public firms approach crypto reserves—making ETH a potential cornerstone of corporate finance in the Web3 era.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.