Peter Thiel acquires 7.5% stake in ETHZilla

According to SEC documents, PayPal co-founder Peter Thiel and his team have acquired a 7.5% stake in Ethereum treasury reserve company ETHZilla. ETHZilla previously announced the Ethereum Vault plan, where funds will be used for Ethereum purchases, revenue assets, and iGaming businesses. In addition, Thiel also holds 9.1% of BitMine Immersion Technologies, which has transformed into an ETH strategic reserve enterprise, holding over 163000 ETH worth over $500 million.