Peter Thiel Doubles Down on Ethereum Treasury Strategy with 7.5% Stake in ETHZilla

On August 12, it was reported that billionaire investor Peter Thiel disclosed a 7.5% stake in ETHZilla (formerly 180 Life Sciences). The company recently completed a $425 million private placement and issued $156 million in convertible bonds, with the funds earmarked for increasing its Ethereum holdings. This marks Thiel’s second investment in an Ethereum treasury company, following his July acquisition of a 9.1% stake in BitMine. Driven by the news, ATNF’s share price surged over 11% in a single day and soared 57% after hours.