Peter Thiel's Founders Fund dumps every ETHZilla share
CoinDesk
Founders Fund sold its entire stake in the Ethereum treasury firm ETHZilla by the end of 2025.Summary
Peter Thiel's venture capital arm, Founders Fund, has completely divested its holdings in ETHZilla, an Ethereum treasury firm, according to recent SEC filings. The fund held zero shares by the end of 2025, down significantly from a 7.5% stake held in August of the previous year. ETHZilla, which mirrored Michael Saylor's bitcoin-hoarding strategy, amassed over 100,000 ETH at its peak but later sold substantial amounts of ether for buybacks as markets peaked in October and December to manage debt from convertible notes. The firm is reportedly pivoting again, spinning out ETHZilla Aerospace to tokenize slices of leased jet engines.
(Source：CoinDesk)