ETHZilla Ethereum Treasury Stock Skyrockets After Peter Thiel Buys Stake

Key Points

1. Peter Thiel and related entities acquired a 7.5% stake in 180 Life Sciences (rebranded as ETHZilla), causing its stock price to triple.

2. Ethereum's price surpassed $4,500 for the first time since 2021, with a 26% weekly surge and over 50% monthly gain.

3. Ethereum ETFs saw a record $1 billion in daily investments, bringing total assets under management to over $10 billion.

4. Thiel's Founders Fund also acquired a 9.1% stake in BitMine, a company accumulating over $5 billion worth of ETH.

5. Monero (XMR) faced a significant price drop amid 51% attack fears, contrasting with bullish trends in other privacy-focused cryptocurrencies.