Short News View Non-AMP

Peter Thiel Exits ETHZilla Completely

Published by
Sohrab Khawas

Billionaire investor Peter Thiel and his firm Founders Fund have fully sold their stake in ETHZilla, reducing ownership from about 7.5 percent to zero by the end of 2025, according to SEC filings. The company had raised 425 million dollars to build an Ether treasury after rebranding from 180 Life Sciences, and Thiel’s backing once pushed shares above 174 dollars before they later fell sharply. Following market weakness and the sale of Ether to repay debt, ETHZilla shifted focus toward tokenized jet engine leases, while Thiel chose to step away completely.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Crypto Regulation: The Latest in SEC and CFTC Harmonization Details

Paul Atkins, the Chairman of the US Securities and Exchange Commission (SEC), has detailed the…

March 11, 2026

Elon Musk Announces X Money Launch in April, DOGE Gains 4.2%

On March 10, Elon Musk, the Executive Chairman at X (formerly Twitter), announced that the…

March 11, 2026

Bitcoin & Ethereum Price Outlook: What to Expect in the Next 48 Hours

Bitcoin and Ethereum have regained bullish traction after a brief pullback, with the BTC price…

March 10, 2026

Bitcoin Price Prediction: Will BTC Break $72,000 or See Another Pullback?

Bitcoin continued trading in a local uptrend ahead of the trading session, extending the recovery…

March 10, 2026

Bitcoin Price Eyes Upside as Buy Volume Surges and Binance USDT Reserves Hit $4.77B

The Bitcoin price just clawed its way back above $70,000 and suddenly the market mood…

March 10, 2026

Breakout Alert: ENA, XLM, and WLD Show Signs of a Major Move After Weeks of Consolidation

The crypto market has shown renewed strength in the early trading hours as selling pressure…

March 10, 2026