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Major Ethereum Treasury Stock ATNF Surges Beyond 50% as Peter Thiel Markup Up His Investment Position
According to BlockBeats, ATNF experienced a dramatic pre-market surge exceeding 50% on August 13, with its market capitalization climbing to approximately $1.577 billion, reinforcing its position as a leading player among Ethereum reserve-focused equities.
The catalyst behind this significant uptick traces back to recent SEC filings revealing that Peter Thiel and his investment team have successfully accumulated a 7.5% ownership stake in ETHZilla (formerly known as 180 Life Sciences Corp.), the entity behind ATNF’s ticker symbol. This strategic move has reignited investor interest in the Ethereum reserve sector.
Other Ethereum-Linked Equities Show Consistent Gains
The broader ecosystem of digital asset-related stocks reflected positive momentum:
What This Means for the Market
The concentration of capital from high-profile investors like Thiel into Ethereum reserve concepts signals growing institutional confidence in the sector. ATNF’s markup up in valuation underscores how strategic acquisitions by prominent figures can create meaningful ripple effects across related equity markets, particularly among firms positioning themselves at the intersection of traditional finance and digital asset infrastructure.