Peter Thiel’s Founders Fund dumps ETHZilla stake as ETH treasuries face pressure

Billionaire tech capitalist Peter Thiel’s Founders Fund has afloat exited Ether treasury institution ETHZilla, according to a Tuesday filing with the United States Securities and Exchange Commission (SEC). 

Entities linked to Thiel present report owning zero shares successful the institution successful a 13G amendment filed connected Feb. 17, aft antecedently disclosing a 7.5% involvement connected Aug. 4, 2025. 

At that time, the radical beneficially owned 11,592,241 shares of what was past known arsenic 180 Life Sciences Corp., representing 7.5% of the 154,032,084 shares outstanding and worthy astir $40 million based connected trading astir $3.50 per stock successful aboriginal August.

Founders Fund 13G Filing with SEC. Source: SEC

180 Life Sciences rebrands to ETHZilla

180 Life Sciences raised $425 cardinal successful July 2025 to motorboat an Ether treasury strategy and rebrand arsenic ETHZilla. 

The institution aboriginal moved to raise different $350 cardinal via convertible bonds successful September to grow its Ether (ETH) holdings and deploy them crossed decentralized concern (DeFi) and tokenized assets, astatine 1 constituent holding much than 100,000 Ether.

Related: Bitmine’s staked Ether holdings constituent to $164M successful yearly staking revenue

ETHZilla began unloading tokens arsenic markets turned, liquidating 24,291 Ether for $74.5 million successful December 2025 astatine an mean terms of $3,068.69 per token, to repay debt, leaving astir 69,800 ETH connected its equilibrium sheet.

Strain connected Ether treasury institution models

Thiel’s exit is the latest accent awesome for nationalist companies arsenic crypto treasuries built astir Ether alternatively than Bitcoin (BTC). 

Other ample Ether accumulators are taking antithetic approaches. BitMine Immersion Technologies, the largest listed Ethereum holder, acquired a further 40,613 ETH connected Feb. 9, lifting its full holdings to more than 4.325 cardinal ETH, worthy astir $8.8 cardinal astatine existent prices.

Trend Research, connected the different hand, began unwinding its full Ethereum position this month, selling 651,757 ETH for astir $1.34 cardinal connected Feb. 8, locking successful an estimated $747 million realized loss.

ETHZilla has since tried to diversify by launching ETHZilla Aerospace, a subsidiary offering tokenized vulnerability to leased pitchy engines. However, Thiel’s exit magnifies however volatile Ether‑heavy treasury strategies person go successful a marketplace inactive digesting past year’s peak.

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