Ether treasury company’s shares surge after Peter Thiel’s 9% stake announcement

Key Points

1. Peter Thiel’s Founders Fund acquired a 9% stake in an Ether treasury company, causing its stock to surge and indicating institutional confidence in Ethereum.

2. ETH's Q3 returns (18.63%) have more than doubled Bitcoin's performance, driven by institutional interest and product launches like Ethereum-based ETFs.

3. Bit Digital liquidated its entire 280 BTC reserve to pivot fully toward Ethereum, reflecting a shift in institutional preference.

4. Ethereum's price rose to $3,426.54 (8.39% in 24 hours), supported by positive market sentiment and institutional validation.

5. Stablecoins gained traction due to Circle’s successful IPO and legislative progress (e.g., the GENIUS Act), further boosting Ethereum's ecosystem.