Peter Thiel Acquires 7.5% Stake in ETHZilla as Stock Price Triples Following Investment
Main Idea
Peter Thiel has acquired a 7.5% stake in ETHZilla, leading to a significant stock price increase and highlighting his continued interest in cryptocurrency investments.
Key Points
1. Peter Thiel's 7.5% stake acquisition in ETHZilla resulted in a 207% stock price surge, closing at $10.24.
2. ETHZilla, formerly 180 Life Sciences, has pivoted its focus to Ethereum investments.
3. Thiel's investment underscores his ongoing engagement with the cryptocurrency market and its potential impact on related industries.
Description
Peter Thiel has acquired a 7.5% stake in ETHZilla, leading to a stock price increase of over 200% in just hours, showcasing his continued investment in Ethereum. Thiel’s investment in
$ETH
$4594.13
+8.70%
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