Bitmine Immersion Technologies recently launched an ether buying strategy and named Fundstrat's Tom Lee chairman.

Shares of the crypto miner have surged in recent weeks on the company's plan to start amassing ether in its corporate treasury.

Peter Thiel's Founders Fund fund purchased over 5 million shares during a $250 million private placement in BitMine. BitMine now holds over 163,000 ETH, valued