Peter Thiel, the co-founder of PayPal and venture capitalist, has experienced substantial financial gains from his investments in Ethereum. This surge, reaching a new all-time high in June, has led many to wonder whether his strategic investments were instrumental in driving Ethereum’s remarkable rise. Thiel’s investment firm, Founders Fund, has actively supported companies focused on Ethereum technology, further cementing its connection to the cryptocurrency’s growth. 7.5% of ETHZilla, a company that pivoted from biotech to focus on Ethereum assets, is owned by the firm, and a 9.1% stake in Bitmine Immersion Technologies, which secured $250 million specifically for Ethereum purchases, exemplifies this engagement.