Peter Thiel Exits ETHZilla Investment After Ethereum Treasury Stock Craters
Peter Thiel sold his 7.5% stake in Ethereum treasury firm ETHZilla in Q4 2025, as revealed by SEC filings. ETHZilla shares have plunged about 98% from their August 2024 peak of $174.60 to $3.62, a much steeper fall than Ethereum itself, which dropped 61% from $4,946 to $1,944 in the same timeframe. ETHZilla responded to the decline with measures such as a $250 million stock buyback, a 1-for-10 stock split, and additional share repurchases after selling $40 million in Ethereum. The firm is also expanding into asset tokenization, recently using over $12 million to tokenize equity in leased jet engines, with future plans for exposure to manufactured home and car loans. Thiel and Founders Fund also reduced their positions in BitMine Immersion Technologies (BMNR), cutting shareholdings by about half as BMNR’s stock lost 64% in value. ETHZilla did not comment on Thiel’s asset allocation decisions.
