ETHZilla’s stock soared 207% in a single trading day, closing at $10.24 after billionaire Peter Thiel acquired a 7.5% stake. The recently rebranded biotech firm has pivoted to focus on Ethereum treasury accumulation strategies, sparking strong investor interest in crypto-treasury models. Thiel, alongside Founders Fund, also owns 9.1% of BitMine Immersion Technologies, which holds over $5 billion in Ethereum, underscoring his deep involvement in the crypto space. $ETH
Beyond business, Thiel’s network spans U.S. politics, with allies like Vice President JD Vance and policy lead David Sacks in the Trump administration. His Ethereum ties run deep, dating back to a 2014 Founders Fund grant to Vitalik Buterin. ETHZilla’s pivot signals a broader trend of traditional companies adopting cryptocurrency as a core treasury asset, marking a shift in how corporations manage and store value. $BNB 
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