Peter Thiel's Founders Fund Dumps Every ETHZilla Share

Founders Fund Exits ETHZilla

• 💡 Peter Thiel's Founders Fund has sold all its shares in ETHZilla.
• 🎯 This divestment was completed by the end of last year, as revealed in SEC filings.
• 📈 The fund previously held a 7.5% stake in the Ether treasury firm.

ETHZilla's Business & Evolution

• 🔑 ETHZilla operates as an Ether treasury firm and crypto investment firm based in Palm Beach.
• 🔄 It initially started as a failed biotech stock named 180 Life Sciences before pivoting to an Ethereum treasury.
• 💰 At its peak, the firm amassed over 100,000 ETH tokens.

Market Panic and Asset Sales

• ⚠️ The firm experienced panic as crypto markets peaked in early October.
• 💸 $40 million in Ether was sold for buybacks following the market peak.
• 📉 An additional $74.5 million was sold in December to reduce debt from convertible notes.

Strategic Pivot to Aerospace

• 🚀 ETHZilla is reportedly pivoting again, according to Bloomberg.
• ✈️ The new venture, ETHZilla Aerospace, aims to offer investors tokenized slices of leased jet engines.

Investor Sentiment Shift

• 📊 Digital asset treasury firms focused solely on investing in tokens have seen a decline in investor favor.