Peter Thiel Fully Exits ETHZilla Stake, SEC Filing Reveals
According to SEC filings, Founders Fund acquired a 7.5% ETHZilla stake in August 2025 and fully exited by December, as the firm pivoted to an Ethereum treasury, shares plunged 97%, and it shifted to RWA tokenization.
ETH
Fact Check
The statement is strongly supported by multiple independent and credible sources. The SEC Schedule 13G/A filing directly states that Peter Thiel–associated investment entities now report 0 shares and 0% ownership in ETHZilla, which is authoritative evidence from a primary regulatory document. News reports from Phemex and KuCoin corroborate this information, explicitly stating that Thiel's Founders Fund sold its entire stake, referencing the SEC filing as the basis. These reports are consistent in detailing the reduction of his stake from a significant percentage to zero, with no contradictions found among relevant sources. Irrelevant reports on unrelated ETHZilla events or Thiel’s prior acquisitions do not impact the validity of the claim. The alignment between the official SEC filing and multiple secondary confirmations yields a high probability that the statement is true.
Summary
According to SEC filings, Peter Thiel, Founders Fund, and affiliated entities acquired a 7.5% stake in ETHZilla in August 2025 and sold all shares by December 2025. In 2025, ETHZilla pivoted to an Ethereum-focused treasury and its share price declined 97% from $107 to $3.2. The company now emphasizes RWA tokenization and reports holdings of 69,802 ETH valued at about $139 million.
Terms & Concepts
- Ethereum: A programmable blockchain enabling smart contracts and decentralized applications.
- Ether (ETH): The native cryptocurrency of Ethereum, used for fees, staking, and transactions.
- RWA tokenization: Issuing blockchain tokens that represent ownership or claims on real-world assets to improve liquidity and transferability.