Peter Thiel and Founders Fund exit Ethereum treasury firm ETHZilla, SEC filing shows
Peter Thiel and Founders Fund have fully exited their stake in Ethereum treasury firm ETHZilla, according to a recent SEC filing.Summary
Tech billionaire Peter Thiel and affiliated Founders Fund entities have sold their entire stake in the Ethereum treasury firm ETHZilla, as revealed in a recent 13G filing with the SEC. This exit follows a significant decline in ETHZilla's stock price, which peaked last August after Thiel initially took a 7.5% stake during the company's rebrand from 180 Life Sciences Corp. ETHZilla, which aimed to be a premier Ethereum accumulation vehicle, has recently scaled back its ETH holdings through sales to fund stock repurchases and debt redemption. The company is now pivoting its future strategy toward revenue and cash flow growth from its Real World Asset (RWA) tokenization business, including tokenizing home loans and aircraft engines.
(Source：The Block)