ChainCatcher news, according to Cryptobriefing, billionaire investor and PayPal and Palantir co-founder Peter Thiel disclosed that he holds a 7.5% stake in ETHZilla (formerly 180 Life Sciences). The company recently completed a $425 million private placement and a $156 million convertible bond issuance, with funds earmarked for increasing its Ethereum holdings.

This marks Thiel's second investment in an Ethereum treasury company following his July stake in BitMine (holding 9.1%). As a result of the news, ATNF's stock price surged over 11% in a single day and skyrocketed 57% after hours.