Peter Thiel's venture capital firm, Founders Fund, has liquidated its entire stake in ETHZilla, a firm focused on holding ether. SEC filings reveal no ownership by the end of 2025, a stark contrast to its prior 7.5% holding.
ETHZilla, which mimicked Michael Saylor's Bitcoin strategy by accumulating significant amounts of Ethereum, pivoted from a biotech venture. The firm reportedly sold substantial ETH holdings in late 2025 to manage debt and execute buybacks amid market fluctuations.
The digital asset treasury sector has seen a decline in investor interest. ETHZilla is reportedly undergoing further restructuring, with plans to spin off a new entity focused on tokenizing leased jet engines.