{"id":41886,"date":"2025-08-13T08:01:45","date_gmt":"2025-08-13T08:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41886"},"modified":"2025-08-13T08:01:45","modified_gmt":"2025-08-13T08:01:45","slug":"ethereum-bet-deepens-billionaire-peter-thiel-takes-7-5-of-ethzilla","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41886","title":{"rendered":"Ethereum Bet Deepens: Billionaire Peter Thiel Takes 7.5% Of ETHZilla"},"content":{"rendered":"
\n

Peter Thiel is doubling down on the emerging \u201ccorporate Ethereum treasury\u201d trade. A fresh Schedule 13G filed with the US Securities and Exchange Commission shows entities affiliated with Thiel\u2019s Founders Fund have amassed a 7.5% passive stake in 180 Life Sciences Corp. (Nasdaq: ATNF), which is rebranding as ETHZilla and pivoting its business to accumulating Ether and generating on-chain yield.<\/p>\n

Peter Thiel Doubles Down On Ethereum<\/h2>\n

The disclosure, signed \u201c\/s\/ Peter Thiel\u201d on August 11, confirms beneficial ownership across multiple Founders Fund vehicles totaling roughly 11.6 million ATNF shares\u20147.5% of the float. The market reaction was immediate. ATNF shares more than tripled on Tuesday, closing near $10.24\u2014about 207% above Monday\u2019s close\u2014before cooling in after-hours trading.<\/p>\n

ETHZilla\u2019s pivot is not theoretical. In a press release<\/a> furnished to the SEC on August 12, the company disclosed \u201ctotal holdings of 82,186 Ether (\u2018ETH\u2019) at an average acquisition price of $3,806.71,\u201d valuing the position at approximately $349 million as of August 11. It also reported about $238 million in US dollar cash equivalents on the balance sheet.<\/p>\n

Executive chairman McAndrew Rudisill framed the strategy as a purpose-built, institutional ETH reserve that will be actively deployed into staking and on-chain yield strategies run by an external manager: \u201cAt ETHZilla we have put over $350 million in capital to work since the PIPE transaction we completed last week\u2026 as we seek to deliver on our on-chain yield generation program through our external asset manager Electric Capital.\u201d<\/p>\n

Those disclosures cap a rapid financing sequence backing the accumulation plan. On August 4, ETHZilla closed a $425 million private placement, followed one week later by approximately $156 million of senior secured convertible notes due 2028. Each financing explicitly cited the goal of \u201crapidly\u201d increasing the company\u2019s ETH holdings.<\/p>\n

Thiel\u2019s move into ETHZilla arrives less than a month after his group revealed a 9.1% passive stake<\/a> in BitMine Immersion Technologies (NYSE American: BMNR), the most aggressive of the public \u201cETH treasury\u201d cohort. That earlier 13G similarly listed Thiel as signatory and helped ignite a rally in BMNR.<\/p>\n

Notably, The BitMine drumbeat grew louder again this week. On Tuesday, the company filed to enlarge its at-the-market equity program by another $20 billion\u2014lifting total capacity to $24.5 billion\u2014to finance additional ETH accumulation. The expansion was memorialized in a same-day Form 8-K and prospectus supplement.<\/p>\n

Tom Lee<\/a>, co-founder of Fundstrat and Chairman of the Board of Directors at BitMine, is pursuing one of the largest Ethereum accumulation strategies in history through his company. BitMine has already amassed<\/a> about 1.2 million ETH\u2014roughly $5 billion worth\u2014putting it 20% of the way toward its target of controlling 5% of Ethereum\u2019s total supply.<\/p>\n

Taken together, the signal from Thiel is unambiguous. After the 9.1% BitMine disclosure in mid-July, the 7.5% ETHZilla stake marks his second material bet on an Ethereum-first corporate treasury in less than a month, displaying the kind of high-conviction wager that ETH\u2019s appreciation will outpace dilution, financing costs, and mark-to-market volatility\u2014justifying aggressive balance-sheet accumulation now for outsized upside later.<\/p>\n

At press time, ETH traded at $4,655.<\/p>\n

\"Ethereum<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Thiel is doubling down on the emerging \u201ccorporate Ethereum treasury\u201d trade. A fresh Schedule 13G filed with the US Securities and Exchange Commission shows entities affiliated with Thiel\u2019s Founders Fund have amassed a 7.5% passive stake in 180 Life Sciences Corp. (Nasdaq: ATNF), which is rebranding as ETHZilla and pivoting its business to accumulating […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41886","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41886"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41886\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}