#ETHRally ETH Treasury ETHZilla Stock Triples After Peter Thiel Investment: Peter Thiel's 7.5% stake purchase sent ETHZilla shares soaring 207% in Tuesday trading.
The tech billionaire's investment in the rebranded biotech company triggered massive investor interest.
ETHZilla transformed from 180 Life Sciences to focus on Ether accumulation strategies.
Shares closed at $10.24, up dramatically from Monday's $3.34 price as institutional Ether adoption accelerates.
Thiel and Founders Fund also own 9.1% of BitMine Immersion Technologies, which holds over $5 billion worth of Ethereum.
The PayPal co-founder has maintained deep cryptocurrency involvement spanning exchanges and layer-2 network investments.
His political influence extends into the Trump administration through VP JD Vance, his former employee.
David Sacks, former PayPal COO, also serves as Trump's AI and crypto czar, while Michael Kratsios, Thiel’s former chief of staff, heads the White House Office of Science and Technology.
Founders Fund awarded Vitalik Buterin $100,000 in 2014 for protocol development.
ETHZilla's transformation reflects the broader trend toward cryptocurrency treasury strategies as traditional businesses embrace digital assets. $XRP