ETHZilla's price surges by 165%, reaching a market cap of $53 million

BlockBeats News, August 13th, according to Rockflow data, the US stock's new ETH treasury company ETHZilla saw its price surge expand to 165%, with a market value reaching $53 million.

Prior to this news, billionaire Peter Thiel once again positioned himself in Ethereum, with Peter Thiel and his investment team acquiring a 7.5% stake in the Ethereum treasury reserve company ETHZilla (formerly 180 Life Sciences Corp.).