Peter Thiel has acquired a significant stake in Bitmine Immersion Technologies, an ether-focused company led by Fundstrat's Tom Lee. News of the investment has driven a surge in the company's shares. Bitmine Immersion Technologies recently launched a new ether buying strategy, with Lee serving as chairman. Thiel's investment signals strong confidence in the future of ether and Bitmine's strategy. The move highlights the growing institutional interest in cryptocurrency ventures.