📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Crypto stock jumps 182% after Peter Thiel buys stake
Crypto stock jumps 182% after Peter Thiel buys stake originally appeared on TheStreet.
Peter Thiel, PayPal co-founder and billionaire tech investor, has acquired 7.5% ownership of Ethereum-focused digital asset treasury (DAT) firm 180 Life Sciences Corp.
Following the announcement, shares in the company jumped over 90% in early trading on Tuesday. At press time, 180 Life Sciences Corp (ATNF) is trading at $9.490, up 182%.
Thiel's investment was done through a 2005 American venture capital fund called Founders Fund Growth Management, according to a filing with the U.S. Securities and Exchange Commission(SEC).
Join the discussion with CryptoWendyO on Roundtable here.
ETHZilla transitioned from a biotech focus to a DAT business model, disclosing it possesses 82,186 ether bought at an average price of $3,806.71 — approximately $349 million worth — with $238 million in cash equivalents.
Unlike Strategy, the first operation to transform public companies into accumulation vehicles for crypto, ETHZilla has taken one major feature right out of the playbook: leverage.
Incoming chairman McAndrew Rudisill told DL News at the beginning of 2022 that he would not over-leverage his firm's Ethereum purchases.
Michael Saylor of Strategy has raised billions via convertible debt in order to accumulate more Bitcoin Convertible debt investibles pay interest similar to a bond, with the option for holders to convert their investibles into shares of the company. While it can allow companies to amass a lot of assets, it carries risk.
For instance, many analysts have spoken publicly about Strategy's convertible debt that matures over 3 years, and if it cannot refinance its debt, it may have to sell Bitcoin to repay its debts, which could negatively affect market prices.
Separately, BitMine, in which Thiel is a 9.1% shareholder, increased its at-the-market equity program from $4.5 billion to $24.5 billion to help finance additional Ethereum acquisitions for its benefit.
At press time, Bitmine (BNMR) is trading at $65.12, nearly 10% up in the last 24 hours.
Crypto stock jumps 182% after Peter Thiel buys stake first appeared on TheStreet on Aug 12, 2025
This story was originally reported by TheStreet on Aug 12, 2025, where it first appeared.
View Comments