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Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging

cnbc.com Tanaya Macheel 2025-07-24 11:58:39

Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Shares of the ether treasury company Bitmine Immersion Technologies surged Wednesday after tech billionaire Peter Thiel disclosed a 9% stake in the firm through his venture capital firm Founders Fund. The stock was last higher by 12% but rallied as much as 20% at one point. Companies with a similar

Topics: bitcoin bitmine board ether treasury
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Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

cnbc.com Tanaya Macheel 2025-08-20 23:23:07

Fundstrat's Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether . Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been appointed chairman of the board of directors of BitMine Immersion Technologies , effective Monday. The company also announced a $250 million private placement to implement a buying strategy around ether, which it aims to make its primary treasury reserve ass

Topics: bitcoin bitmine company ether lee
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