ETHZilla slips after Thiel, Founders Fund exit filing

What to Know:

• Peter Thiel and Founders Fund fully divest from ETHZilla per SEC filing
• Entities tied to Thiel report zero remaining ETHZilla ownership

Peter Thiel has fully exited Ethereum treasury firm ETHZilla after selling his entire stake, according to a filing with the U.S. Securities and Exchange Commission. Entities tied to Thiel, including Founders Fund, now report no remaining ownership in ETHZilla Corp.

The disclosure indicates a complete divestment rather than a partial trim, updating beneficial ownership to zero. The filing provides transactional details but does not include rationale for the sale.

ETHZilla shares slipped after-hours; exit follows ETH sales and mNAV halt

ETHZilla shares slipped in after-hours trading following the disclosure, as reported by GuruFocus. The initial move reflects headline sensitivity and liquidity rather than any change to Ethereum’s network fundamentals.

Coverage of the disclosure emphasized the finality of the exit. “Billionaire tech investor Peter Thiel and his Founders Fund have fully exited ETHZilla Corp., according to a filing with the US Securities and Exchange Commission,” as reported by Bloomberg News.

The exit follows a period in which ETHZilla sold approximately $74.5 million worth of ETH (24,291 ETH) to repay senior secured convertible notes, as reported by The Block. That sale marked a shift away from prior ETH accumulation and reduced balance-sheet exposure.

In parallel, the company discontinued its mNAV dashboard that compared crypto assets to market capitalization, as noted by Traders Union. The change reduced a transparency indicator some investors had used to monitor valuation alignment.

What the SEC filing confirms about Thiel’s ETHZilla stake

The filing confirms that Peter Thiel and Founders Fund no longer hold ETHZilla securities and have ceased to be reporting owners. It records a completed sale rather than a pending disposition.

It does not state motives, forward-looking intentions, or any board or governance changes connected to the transaction. Any strategic inferences remain conditional on subsequent company disclosures.