BlockBeats News, August 12, Billionaire Peter Thiel is once again investing in Ethereum. According to the latest documents disclosed by the SEC, Peter Thiel and his investment team have acquired a 7.5% stake in the Ethereum treasury reserve company ETHZilla (formerly 180 Life Sciences Corp.).
180 Life Sciences (stock code: ATNF) closed on Monday with a share price increase of over 11%, and at one point surged about 57% in after-hours trading. The company announced its Ethereum treasury plan at the end of July. This Monday, the biotech firm stated that it has sold $156 million in senior secured convertible notes due in 2028 to an institutional investor, following a completed private fundraising of $425 million. The raised funds will be mainly used to purchase Ethereum, income-generating assets, and the company's online gaming (iGaming) business, while monetizing its existing biotech intellectual property.
BlockBeats previously reported that on July 16, Peter Thiel's Founders Fund Growth II Management disclosed in SEC filings submitted later that Tuesday that it held a 9.1% stake in BitMine Immersion Technologies as of July 8.
