Peter Thiel has completely exited his stake in the Ethereum treasury company ETHZilla by the end of 2025.

2026-02-19 01:05:20

ChainCatcher reports that according to SEC Form 13G, as of December 31, 2025, Peter Thiel has fully divested his holdings in ETHZilla, the Ethereum treasury company. He reduced his stake from 7.5% (approximately 11.59 million shares) to 0%.

Peter Thiel was once a major backer and large shareholder of ETHZilla. The news of Thiel’s investment caused ETHZ’s stock price to surge several times, and this event was seen as one of the signals of Thiel’s optimism about the Ethereum ecosystem.

However, as the crypto market continued to weaken, ETHZilla announced plans to sell tokens to pay off debts, sell tokens to purchase space engines for leasing operations, and has explicitly stated that it will no longer focus on a treasury model that accumulates ETH as its main business.

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