Peter Thiel Invests Heavily in Ethereum Treasury Company ETHZilla
Tech billionaire Peter Thiel has acquired a 7.5% stake in ETHZilla, a company formerly known as 180 Life Sciences that has rebranded to focus on accumulating Ethereum. The investment sent ETHZilla's stock soaring by nearly 207% in hours.
This move follows Thiel's earlier purchase of a 9.1% stake in BitMine, which holds over $5 billion in ETH. Thiel's consistent backing of Ethereum-focused ventures highlights his strong belief in the asset's long-term potential. His influence also extends to policy, with associates in key White House positions advocating for crypto-friendly regulations.