
According to SEC filings, Peter Thiel’s Founders Fund and affiliates sold their entire ETHZilla stake by December 2025, months after acquiring 7.5% amid a sharp stock downturn.
SEC filings reveal that Peter Thiel, Founders Fund, and affiliated firms fully divested from ETHZilla by December 2025. The group initially acquired a 7.5% stake in August 2025, after which ETHZilla’s stock price saw significant declines. This complete exit marks a rapid reversal of their initial investment.