💬 Breaking,
ETHZilla, backed by the famous Peter Thiel (founder of Paypal), is deploying $100m ETH into the $ETHFI liquidity restaking protocol.
❓ Who is ETHZilla:
Originally a biotechnology company, it later shifted to investing in $ETH and rebranded to its current name.
The company has also raised $425m and then partnered with @ElectricCapital (yield management) > Started buying ETH from August 12 (82,186 ETH).
As of August 27, ETHZilla holds 102,237 ETH, purchased at a price of $3,948, currently valued at $466.
Their strategy focuses on long-term ETH growth and yield through Electric's protocol.
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