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Peter Thiel Increases Stake in ETHZilla to 7.5%, Investing in Ethereum Treasury Strategy

Summary: According to Cryptobriefing, billionaire investor and co-founder of PayPal and Palantir, Peter Thiel, has disclosed a 7.5% stake in ETHZilla (formerly 180 Life Sciences). The company recently completed a $425 million private placement and $156 million convertible bond issuance, with funds earmarked for increasing holdings in Ethereum. This marks Thiel's second investment in an Ethereum ...

According to Cryptobriefing, billionaire investor and co-founder of PayPal and Palantir, Peter Thiel, has disclosed a 7.5% stake in ETHZilla (formerly 180 Life Sciences). The company recently completed a $425 million private placement and $156 million convertible bond issuance, with funds earmarked for increasing holdings in Ethereum. This marks Thiel's second investment in an Ethereum treasury company following his 9.1% stake in BitMine in July. In response to the news, ATNF stock price surged over 11% in a single day, with a 57% increase after hours.

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