Peter Thiel's investment group acquires 7.5% stake in Ethereum treasury company ETHZilla

ChainCatcher news, according to Cryptobriefing, billionaire investor and co-founder of PayPal and Palantir, Peter Thiel, disclosed a 7.5% stake in the biotech company ETHZilla (formerly 180 Life Sciences). The company recently completed a $425 million private placement and a $156 million convertible bond issuance, with the funds intended for increasing its holdings in Ethereum.

This is Thiel's second investment in an Ethereum treasury company following his July stake in BitMine (holding 9.1%). As a result of the news, ATNF's stock price rose over 11% in a single day and surged 57% in after-hours trading.