ETHZilla surges 165% as market cap rises to $53 million

According to ChainCatcher, data from Rockflow shows that the share price of ETHZilla, a new US-listed ETH treasury company, has surged by 165%, with its market capitalization rising to $53 million.

Earlier reports indicated that billionaire Peter Thiel has once again invested in Ethereum. Peter Thiel and his investment team acquired a 7.5% stake in the Ethereum treasury reserve company ETHZilla (formerly 180 Life Sciences Corp.).