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Ethereum Reserve Stocks Surge in U.S. Market Amid Significant Gains

BlockBeats reported on August 13 that US stock ATNF surged over 50% in pre-market trading based on Rockflow data, underscoring gains in Ethereum treasury reserve concept stocks and noting Peter Thiel’s stake in ETHZilla.

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Summary

On August 13, BlockBeats reported that, according to Rockflow data, US stock ATNF surged over 50% in pre-market trading, pushing its market cap to $1.577 billion. The report highlighted that gains were led by Ethereum treasury reserve concept stocks, and SEC filings revealed that billionaire Peter Thiel and his team acquired a 7.5% stake in ETHZilla (formerly 180 Life Sciences Corp.).

Terms & Concepts
  • Ethereum treasury reserve concept stocks: Stocks representing Ethereum-related treasury holdings used by companies, indicating institutional interest in digital asset investments.
  • ETHZilla: An Ethereum treasury company that experienced significant market gains, with SEC filings noting a 7.5% acquisition by Peter Thiel and his team; formerly known as 180 Life Sciences Corp.