Thiel Takes 7.5% Stake in ETHZilla’s Ethereum Treasury
Peter Thiel’s Founders Fund has taken a 7.5% passive stake in 180 Life Sciences Corp, soon to be rebranded as ETHZilla, after an SEC filing revealed roughly 11.6 million shares. The announcement drove ETHZilla’s stock up 207% within hours.
ETHZilla now holds 82,186 ETH at an average cost of $3,806.71 (approx. $349 million) and $238 million in cash equivalents. The company plans to generate on-chain yield through staking and external asset management as part of its Ethereum treasury strategy.
This move follows Founders Fund’s 9.1% investment in BitMine and highlights growing institutional demand for corporate Ethereum treasury solutions. Traders view these strategies as bullish catalysts that lock up ETH supply and enhance yield potential.
Bullish
This high-profile accumulation underscores a bullish outlook for ETH. In the short term, the surge in ETHZilla’s stock indicates strong market enthusiasm, though traders may witness increased volatility around further filings or stock movements. In the long term, ETHZilla’s 82,186 ETH reserve and planned staking will lock up supply, reducing circulating ETH and potentially driving price appreciation. Additionally, institutional participation in ETH treasuries can boost confidence and attract more capital, reinforcing upward momentum for Ethereum.