Peter Thiel Quietly Bets Big on Ethereum



Peter Thiel has acquired a 7.5% stake in ETHZilla, the newly rebranded version of biotech firm 180 Life Sciences, which has pivoted to become an Ethereum treasury vehicle. The company raised $425M through a PIPE deal to accumulate ETH and position itself as a public proxy for Ethereum exposure.

This move follows Thiel and Founders Fund’s earlier acquisition of a 9.1% stake in BitMine, chaired by Tom Lee (Fundstrat). BitMine currently holds over $5B in ETH and is planning to raise an additional $20B to expand its position.

Thiel’s interest in Ethereum is not new. In 2014, he provided Vitalik Buterin with $100,000 in early-stage support through the Thiel Fellowship. Since then, his crypto investments have included Bullish, Bitpanda, Ethereum Layer 2 network Layer N, and prediction market Polymarket.

Taken together, these positions signal a broader strategic bet: Ethereum is not just a technology platform—it’s becoming an institutional-grade treasury asset. Thiel appears to be front-running this shift.
ETH14.63%
IN1.64%
MOVE7.33%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)