On August 13, US stocks maintained a strong upward trend, with the Nasdaq and Dow Jones both rising over 1% during the session, and the S&P 500 index rising by about 0.86%. Meanwhile, a treasury company related to Ethereum—ETHZilla (ATNE)—performed brilliantly during the session, with its stock price soaring by 146% at one point, now reported at $8.03, with a market cap of approximately $48 million.
According to market data, ETHZilla's trading volume has exceeded $689 million today, making it the market focus. It is worth mentioning that this company, formerly known as 180 Life Sciences Corp., has recently completed a strategic transformation, focusing its core business on treasury reserve management within the Ethereum ecosystem.
The driving force behind this is also not to be overlooked—Silicon Valley legend investor Peter Thiel has once again made a move into Ethereum, and he and his team have acquired a 7.5% stake in ETHZilla. This move is seen as another strong endorsement of Ethereum's long-term value and institutional trend, providing a strong catalyst for ETHZilla's stock price.
From the current market sentiment, ETHZilla's surge not only reflects the capital's continued optimism towards the Ethereum ecosystem but also indicates that crypto-related US stocks may welcome a new wave of capital chasing.