01:18 PM EDT, 07/16/2025 (MT Newswires) -- (Updates with recent stock movement in the headline and the first paragraph.)

Bitmine Immersion Technologies ( BMNR ) shares were up nearly 22% in recent Wednesday trading after Founders Fund acquired about 5 million shares of the bitcoin miner.

The shares were acquired by Founders Fund and entities controlled by co-founder Peter Thiel, according to a Tuesday regulatory filing.

Founders Fund now holds a 9.1% stake in the bitcoin miner, according to the filing.

Price: 48.70, Change: +8.74, Percent Change: +21.87