Why Peter Thiel Betting Big on Ethereum’s ETHZilla Treasury Could Change Crypto Investing Forever
Ever wonder what it feels like to have a billionaire tech mogul quietly slip into the Ethereum treasury game? Well, Peter Thiel just made a splash by acquiring a substantial 7.5% stake in ETHZilla, formerly known as 180 Life Sciences, as the company pivots boldly toward Ethereum-based financial strategies. This move isn’t just some casual dip of toes—it’s a full-on dive into the crypto waters, backed by serious capital and strategic intent. With ETHZilla gearing up for aggressive Ethereum purchases and yield-generating assets, and Thiel’s group now holding stakes in two major Ethereum treasury firms, the implications for crypto investors and the market at large could be profound. Curious about how this all fits into the broader Ethereum ecosystem and what it signals for corporate treasury strategies? Let’s break it down. LEARN MORE.
It’s the second Ethereum treasury firm tied to Thiel’s investor group.
Key Takeaways
- Peter Thiel has disclosed a 7.5% stake in ETHZilla, which trades under the ticker ATNF.
- Thiel and his investor group reported beneficial ownership of over 11 million shares of 180 Life Sciences.
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Peter Thiel, the billionaire tech investor and co-founder of PayPal and Palantir, is part of an investor group that holds a 7.5% stake in 180 Life Sciences, which is rebranding as ETHZilla, an Ethereum-focused corporate treasury vehicle, according to a new SEC disclosure.
Shares of 180 Life Sciences (ATNF) jumped over 11% at Monday’s close and surged roughly 57% in overnight trading, Yahoo Finance data shows.
180 Life Sciences announced its Ethereum treasury plan in late July.
On Monday, the biotech firm said it sold $156 million in senior secured convertible notes due 2028 to an institutional investor, following a recent $425 million private placement. Proceeds will primarily fund Ethereum purchases, yield-bearing assets, and the company’s iGaming operations, while monetizing legacy biotech IP.
Thiel’s investor group now has stakes in two Ethereum treasury companies. In mid-July, he reported holding over 9% of Tom Lee’s BitMine Immersion, currently the biggest corporate ETH holder with close to $5 billion in its treasury.
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