Billionaire tech investor Peter Thiel’s Founders Fund has totally exited Ether treasury firm ETHZilla, based on a Tuesday submitting with america Securities and Trade Fee (SEC).
Entities linked to Thiel now report proudly owning zero shares within the firm in a 13G modification filed on Tuesday, after disclosing a 7.5% stake on Aug. 4, 2025.
At the moment, the group beneficially owned 11,592,241 shares of what was then recognized as 180 Life Sciences Corp., representing 7.5% of the 154,032,084 shares excellent and value about $40 million based mostly on buying and selling at round $3.50 per share in early August.
180 Life Sciences rebrands to ETHZilla
180 Life Sciences raised $425 million in July 2025 to launch an Ether treasury technique and rebrand as ETHZilla.
The corporate later moved to raise another $350 million via convertible bonds in September to increase its Ether (ETH) holdings and deploy them throughout decentralized finance (DeFi) and tokenized belongings, at one level holding greater than 100,000 Ether.
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ETHZilla started unloading tokens as markets turned, liquidating 24,291 Ether for $74.5 million in December 2025 at a median worth of $3,068.69 per token, to repay debt, leaving about 69,800 ETH on its steadiness sheet.
Strain on Ether treasury firm fashions
Thiel’s exit is the newest stress sign for public firms with crypto treasuries constructed round Ether somewhat than Bitcoin (BTC).
Different massive Ether accumulators are taking completely different approaches. BitMine Immersion Applied sciences, the most important listed Ethereum holder, acquired a further 40,613 ETH on Feb. 9, lifting its complete holdings to more than 4.325 million ETH, price about $8.8 billion at present costs.
Pattern Analysis, however, began unwinding its entire Ethereum position this month, promoting 651,757 ETH for about $1.34 billion on Feb. 8, locking in an estimated $747 million realized loss.
ETHZilla has since tried to diversify by launching ETHZilla Aerospace, a subsidiary providing tokenized publicity to leased jet engines. Nevertheless, Thiel’s exit magnifies how risky Ether‑heavy treasury methods have grow to be in a market nonetheless digesting final yr’s peak.
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