Why Did Peter Thiel’s Founders Fund Exit ETHZilla?

[cryptoenthusiast]

What happened?
Billionaire investor Peter Thiel’s Founders Fund has fully exited its position in ETHZilla, according to a filing with the United States Securities and Exchange Commission (SEC). A recent 13G amendment shows entities linked to Thiel now own zero shares, after previously disclosing a 7.5% stake in August 2025 worth roughly $40 million.

What was ETHZilla before?
The company was formerly known as 180 Life Sciences Corp. before rebranding to ETHZilla as part of a major pivot into crypto. Thiel’s exit signals a notable shift in investor positioning, particularly given the volatility surrounding Ether-focused treasury strategies over the past year.

[nihalsari]

Thiel exiting doesn’t automatically mean ETH is doomed… but it definitely says the “corporate ETH treasury” playbook isn’t stress-free anymore.

[JanEmil]

He will try again when the price higher. Those guys buy the top.