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Time of India

This crypto stock skyrockets 182% after Peter Thiel makes surprise investment

180 Life Sciences' crypto pivot is more than a headline- On August 12, 2025, an otherwise quiet ticker — 180 Life Sciences Corp. — tripled in value almost overnight. Rebranded as ETHZilla , the company announced it now holds 82,186 Ethereum worth roughly $349 million and has raised more than $581 million through private placements and convertible notes to fund an aggressive Ethereum treasury strategy. Adding to the shock factor, Peter Thiel's Founders Fund disclosed a 7.5 percent stake. That single revelation lit a fire under the stock, sending shares up as much as 207 percent in one session. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program This was no biotech bump on a promising trial result — it was institutional crypto ambition making a decisive entrance into public markets. Stock and key market data Current price : Approximately $10.24 , reflecting a 206.6% gain in just the past 24 hours. Market capitalization : Stands at about $1.58 billion , up sharply over the past week . Daily trading range : Between $4.88 and $12.74 , with a 52-week span stretching from $0.66 to $17.75. Shares outstanding : Approximately 154.0 million. How a biotech firm became Ethereum's poster child Corporate pivots aren't rare, but this one is in a league of its own. Five years ago, struggling biotechs often leaned on licensing deals or buyouts to survive. ETHZilla, instead, abandoned its original lane and embraced Ethereum with both arms. Live Events The company isn't just buying and holding ETH; it's actively deploying it through sophisticated on-chain strategies — staking, lending, and liquidity provisioning — designed to generate yield beyond simple appreciation. To guide this, ETHZilla formed a dedicated DeFi Council, bringing together seasoned capital markets professionals and blockchain innovators to manage the treasury like a revenue-producing asset. This isn't a panic pivot. It's a calculated reinvention. Cash and crypto reserves fueling the rally According to PR materials and recent company announcements: Ethereum holdings : 82,186 ETH acquired at an average price of $3,806.71 , currently valued at about $349 million. Cash reserves : Around $238 million in USD cash equivalents. Funding fuel : The company raised $425 million through a PIPE offering and an additional $156 million via convertible notes late July and early August. The convertible notes carry a 4% annual interest after six months and are due in 2028. Why Peter Thiel's stake changes the game The Founders Fund's 7.5 percent stake is no casual trade — it's a signal. Thiel has a history of backing technology plays that reshape financial systems, and his earlier investment in a Bitcoin-to-Ethereum treasury pivot hinted at his growing conviction in this model. ETHZilla now offers him a public vehicle that doesn't just accumulate ETH but seeks to generate returns from it. Comparisons to MicroStrategy's Bitcoin strategy are inevitable, yet ETHZilla's approach adds a layer of active income generation. By tying Ethereum holdings to per-share growth, the company positions itself as more than a passive store of value — it's aiming for operational performance. Key questions investors are asking Is this speculation or a sustainable model? Critics worry about the potential for ongoing share dilution in crypto-treasury companies. Ethereum also lacks Bitcoin's hard cap, which some argue makes it less compelling as a pure scarcity play. Yet ETHZilla's model relies on yield creation, not just asset appreciation, giving it an additional revenue stream that could counterbalance those concerns — if execution matches the ambition. What risks should be on the radar? Ethereum's price can swing by double-digit percentages within days, creating inevitable volatility in ETHZilla's balance sheet. Regulatory uncertainty looms large as well, with questions over how U.S. agencies might treat yield-bearing crypto products or Ethereum's classification itself. The company does maintain a $240 million cash reserve and retains intellectual property from its biotech days, providing some fallback options. Still, the risk profile remains high. What this means for the crypto-treasury movement ETHZilla isn't alone. A growing number of small-cap public companies are exploring similar ETH-backed treasury models. The broader adoption of Ethereum in decentralized finance and stablecoin settlement adds further weight to the asset's long-term demand story. Corporate treasuries using yield-bearing crypto assets are no longer a fringe experiment — they're shaping up to be a legitimate, if risky, financial strategy. What to watch next Execution : Can ETHZilla deliver the yields it promises while managing crypto market volatility? Regulation : Will U.S. authorities provide clarity that could either support or constrain this model? Peer adoption : Could ETHZilla's early success inspire a wave of Ethereum-backed treasury plays similar to Bitcoin's corporate adoption phase? Whether ETHZilla becomes a case study in innovation or a cautionary tale will depend on how well it navigates the execution, the markets, and the regulators. For now, the market is watching — and so is the rest of the corporate world. FAQs: Q1: What is 180 Life Sciences' new crypto strategy? It's now ETHZilla, holding Ethereum and using DeFi strategies to generate yield. Q2: Why did Peter Thiel invest in ETHZilla? He sees it as a public vehicle to back Ethereum's growth with active returns.