Thiel’s Ether Bets Pay Off as Ethereum Gains Wall Street Traction
Billionaire Peter Thiel has emerged as a significant beneficiary of Ether’s 13.5% surge this month. The PayPal co-founder’s investment firms have generated substantial paper gains through strategic bets on Ethereum-focused companies. Thiel’s Ethereum Strategy Takes Shape The Wall Street Journal reports that Thiel’s venture capital approach centers on Ethereum becoming Wall Street’s preferred blockchain platform. His Founders Fund owns 7.5% of ETHZilla, a company that pivoted from biotech to purchasing ether. The firm also controls 9.1% of Bitmine Immersion Technologies, which raised $250 million for ether acquisitions. ETHZilla’s market value jumped from $18 million to $741 million after disclosing Thiel’s…






