Crypto stock jumps 182% after Peter Thiel buys stake
Crypto stock jumps 182% after Peter Thiel buys stake originally appeared on TheStreet.
Peter Thiel, PayPal co-founder and billionaire tech investor, has acquired 7.5% ownership of Ethereum-focused digital asset treasury (DAT) firm 180 Life Sciences Corp.
Following the announcement, shares in the company jumped over 90% in early trading on Tuesday. At press time, 180 Life Sciences Corp (ATNF) is trading at $9.490, up 182%.
Thiel’s investment was done through a 2005 American venture capital fund called Founders Fund Growth Management, according to a filing with the U.S. Securities and Exchange Commission(SEC).
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