Peter Thiel Acquires 7.5% Stake in Ethereum Treasury ETHZilla

Peter Thiel's Founders Fund has acquired a significant 7.5% stake in ETHZilla, formerly known as 180 Life Sciences, marking a strategic pivot of the company into an Ethereum-focused corporate treasury vehicle. ETHZilla holds over 82,000 Ethereum tokens valued at approximately $350 million and has raised substantial capital through a $425 million private placement and a $156 million convertible note sale, aiming to expand its Ethereum holdings and invest in yield-generating assets. This move highlights growing institutional interest in Ethereum and digital asset treasuries, with ETHZilla joining BitMine Immersion, another major Ethereum treasury firm in which Thiel holds a 9.1% stake and which recently expanded its equity offering capacity to $24.5 billion. ETHZilla's shares surged dramatically following Thiel's investment announcement, reflecting strong market confidence in its new business model. The involvement of high-profile investors like Thiel signals a convergence of traditional finance and decentralized finance, underscoring Ethereum's evolving role as a strategic corporate asset. This development is part of a broader trend where publicly traded firms are becoming crypto stockpilers, leveraging Ethereum holdings to generate yield and drive future growth.