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

Elon Musk: Why Quantum Computing Could Actually Help Bitcoin Owners

Tech mogul Elon Musk is convinced that quantum computers could enable the recovery of lost…

April 1, 2026

Algorand Price Surges 10%—Is ALGO Finally Breaking Its Downtrend?

Algorand price has gained fresh momentum, rising over 10% in the past 24 hours and…

March 31, 2026

Cardano Midnight Fork Launches Privacy Layer as Pepeto Draws Entries While SUI and PEPE Hold

Cardano is launching its Midnight privacy sidechain alongside the Van Rossem hard fork before March…

March 31, 2026

Is Ripple Moving Away From XRP? The Convera Deal Raises Questions

One of the world's largest commercial payments companies just tied itself to Ripple's blockchain infrastructure,…

March 31, 2026

Solana Compressing in a Narrow Range—Is SOL Price Gearing Up for a Massive Move?

Over the past few days, the Solana price has been trading range-bound, strongly defending the…

March 31, 2026

WhiteBIT Coin (WBT) Surpasses $15 Billion Market Capitalization Amid Token Momentum and Exchange Expansion

WhiteBIT Coin (WBT), the token of the WhiteBIT exchange, has reached a market capitalization of…

March 31, 2026