Bitmine Immersion Technologies shares jumped nearly 15% in early trading on Wednesday after tech billionaire Peter Thiel disclosed a 9.1% stake in the crypto mining and services company.

Bitmine Immersion Technologies Inc (BMNR) opened nearly 20% up on Wednesday after Peter Thiel revealed a 9.1% stake in the Ether treasury company. The billionaire investor has built a sizable stake in the Tom Lee-chaired business at a time when ETH-linked assets are rallying hard on optimism tied to the Senate’s recent approval of the “GENIUS

BMNR is ahead 25% today, with ether up another 9% as interest continues to build in ETH corporate treasury strategies.