ETHZilla Stock Soars 90% As Peter Thiel Takes 7.5% Stake

- Peter Thiel's 7.5% stake acquisition sparks over 90% stock surge. - Company discloses $349 million in Ether and $238 million in cash amid pivot to Digital Asset Treasury. On August 12, 2025, tech billionaire Peter Thiel acquired a 7.5% stake in ETHZilla, an acquisition that sparked a 90% surge in its stock price and drew market-wide attention. This move highlights Thiel's influence in the technology and investment sectors while also signaling a growing interest in crypto-centric strategies among publicly-traded companies. ETHZilla, formerly 180 Life Sciences Corp., is transforming into a Digital Asset Treasury (DAT) business. As part of this change, the company revealed significant cryptocurrency holdings, disclosing ownership of 82,186 Ether, valued at approximately $349 million, and an additional $238 million in cash equivalents. This strategic pivot to stockpiling cryptocurrency aligns with a trend that Michael Saylor, a prominent advocate for corporate crypto treasury strategies, popularized. Earlier in August, ETHZilla bolstered its financial position with a $425 million private placement involving over 60 participants. This capital injection allows the company to accelerate its Ethereum-focused initiatives. Consequently, ETHZilla’s ticker symbol, ATNF, has gained considerable attention as investors digest the implications of Thiel’s investment and the company's bold shift toward blockchain-oriented operations. As ETHZilla garners increased interest, its Ethereum-centric approach reflects broader adoption trends and signals potential ripple effects across the market.