Ethereum News Today: Peter Thiel Buys 7.5% Stake in Ethereum-Focused ETHZilla

Billionaire Peter Thiel has further cemented his position in the Ethereum ecosystem by acquiring a 7.5% stake in ETHZilla, a company previously known as 180 Life Sciences Corp. This move, disclosed through a recent SEC filing, marks a notable expansion of Thiel’s and his investment team’s involvement in Ethereum’s treasury infrastructure, following his earlier stake in BitMine Immersion Technologies [1].

According to the filing, Thiel’s investment in ETHZilla is part of a broader strategy to increase institutional exposure to Ethereum. The company announced its Ethereum treasury initiative at the end of July, signaling a strategic shift toward cryptocurrency and income-generating assets. In recent weeks, 180 Life Sciences (trading under stock code ATNF) has experienced significant stock price volatility, with shares rising over 11% at Monday’s close and surging nearly 57% in after-hours trading following the filing and related announcements [1].

The company has already secured $425 million through private placements and plans to raise an additional $156 million via senior secured convertible notes, with funds earmarked for Ethereum purchases and expansion into its iGaming business. The shift underscores a growing trend among publicly traded companies to integrate digital assets into their financial portfolios, leveraging Ethereum’s scalability and smart contract capabilities.

Thiel’s continued support for Ethereum reflects his long-standing interest in blockchain technology and its potential to reshape finance. His prior investments in early-stage crypto ventures indicate a broader belief in the sector’s transformative power. With Ethereum’s ongoing network upgrades and increasing institutional adoption, figures like Thiel are positioning themselves to benefit from a long-term shift in the global financial landscape [1].

As Ethereum continues to evolve, the implications of high-profile investments like Thiel’s may extend beyond market dynamics, influencing regulatory and corporate strategies. However, the success of such initiatives will ultimately depend on Ethereum’s ability to maintain technological innovation and meet regulatory standards.

Source: [1] Peter Thiel acquires 7.5% stake in Ethereum treasury ETHZilla (https://www.theblockbeats.info/en/flash/306945)