BitMine Opens NYSE Options Trading, Targeting 5% Ethereum – Thiel Backs Move

2025/07/24 00:38

BitMine Immersion Technologies, a crypto mining company known for its Ethereum-focused treasury strategy, has announced that its common stock will begin trading as listed options on the New York Stock Exchange.

The new listing, which launches today, is trading under the ticker symbol “BMNR.” This listing introduces a new level of market access for investors interested in BitMine’s performance.

The availability of options allows market participants to hedge positions, gain leverage, or take directional views on the company’s equity. A variety of strike prices and expiration dates will be available.

A Milestone in BitMine’s Expansion

According to BitMine Chairman Thomas Lee of Fundstrat, this launch marks a major step in the company’s market development.

“Options trading on the NYSE is a major milestone for BitMine, giving investors more ways to participate in our continued growth,” he said.

Lee stressed that the move shows confidence in BitMine’s strategic vision, which includes acquiring up to 5% of the total Ethereum supply over time.

This ambition places BitMine in a small circle of institutions pursuing aggressive ETH accumulation strategies. BitMine is also positioning itself as a hybrid player at the intersection of legacy financial infrastructure and blockchain-based innovation.

Trading Infrastructure and Oversight

According to the press release, the options contracts will be cleared by the Options Clearing Corporation (OCC) and governed by NYSE and OCC standards.

Investors can expect the usual regulatory oversight applied to all equity options, including standardized contract terms and settlement mechanisms.

The addition of options trading has the potential to increase trading volume and visibility for BitMine’s stock. It also allows the company’s shares to appeal to a broader segment of institutional and retail investors.

Peter Thiel Reveals 9.1% Stake in BitMine

Tech billionaire Peter Thiel disclosed a 9.1% stake in the crypto mining and services firm, Reuters reported. Thiel, a vocal supporter of Bitcoin, has previously expressed a strong belief in blockchain-based assets. His venture capital firm, Founders Fund, was one of the earliest institutional backers of the cryptocurrency.

At the time of publication, BitMine Immersion Technologies (BMNR.A) shares rose 1.04% in early trading on Wednesday.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Passive Income Era: How to Easily Make Money with XRP on LET Mining?

Passive Income Era: How to Easily Make Money with XRP on LET Mining?

The cryptocurrency industry has ushered in major positive news, the cryptocurrency bill has been passed by Congress, and the prices of cryptocurrencies have risen sharply. Among them, XRP has attracted attention and its price has soared, thanks to its powerful technical network that can process a large number of transactions per second. Ripple’s cooperation with mainstream financial institutions and institutional investors in the field of cross-border payments will also benefit it. However, the token is still volatile and speculative. The cloud mining service launched by LET Mining allows users to pay with XRP, start a planned cloud computing power contract, and receive passive income every day, so that users are not affected by the price of tokens and receive stable income every day. LET Mining Platform Core Advantages XRP direct recharge participation: users can directly use XRP to purchase cloud computing power without currency exchange or cumbersome operations, which is more efficient and has a better experience. Daily stable income, can be withdrawn at any time: mining income is settled daily and automatically allocated to the account balance. Users can withdraw or reinvest at any time to maximize their income. High transparency, contract visualization: Every income input and output is transparent and traceable. Security: Hot and cold wallets are separated to ensure asset security. How to Quickly Start XRP Cloud Mining? Only 4 Steps 1. Register an account Visit the official website of LET Mining: https://letmining.com/, register to get a new user registration bonus of $12. 2. Top up XRP Select “XRP Top up” in the account, the system will generate an XRP wallet address, copy the address and transfer it from the exchange or personal wallet. (30XRP can participate) 3. Choose a contract plan The platform provides a variety of cloud mining contracts, including short-term stable, long-term compound interest and high-yield types, which can be freely selected. Click here to view all high-yield contract details . 4. Start earning After the contract is activated, the system will distribute mining income in proportion every day, which can be withdrawn to the XRP wallet address at any time, truly realizing “holding coins to make money” and easily enjoying digital passive income. From Static Coin Holding to Active Income Generation: A Strategy Suitable for Every Investor In today’s volatile cryptocurrency market, simply waiting for the coin price to rise will not bring you a lasting advantage. Especially when the market is sideways or volatile, it is particularly important to have a passive income plan that can generate sustainable cash flow. The cloud mining strategy provided by LET Mining provides investors with a solution to “profit no matter how the market changes”. Summary: Your XRP Is Not Just a Number, but also a Tool for Producing Assets LET Mining turns XRP into a digital machine that “works” for you every day, and you can continue to generate income without investing a lot of time and energy. For cryptocurrency investors seeking a steady growth path, this is a perfect attempt to balance flexibility and efficient returns. Join LET Mining now to convert your XRP into a digital asset that appreciates daily, making “holding coins” truly the first step towards “wealth freedom”.
Share
CryptoNews2025/07/23 20:43