🚨 BREAKING: Peter Thiel Fully Exits ETHZilla 🚨
The "PayPal Mafia" co-founder is officially out. 📉
New SEC filings confirm that Peter Thiel and Founders Fund have sold their entire stake in ETHZilla ($ETHZ), marking a total divestment from the Ethereum-focused treasury firm.
The Breakdown:
Total Exit: Thiel’s entities reported a 0% ownership stake as of the latest filing, down from 7.5%.
Strategic Pivot: The move follows ETHZilla's recent shift away from simply holding $ETH toward Real-World Asset (RWA) tokenization.
Market Reaction: $ETHZ shares saw a dip following the news, as investors digest the loss of one of the project's highest-profile backers.
New Direction: While Thiel exits, ETHZilla is doubling down on its "tokenized jet engine" and mortgage portfolio initiatives, looking to bridge TradFi with Ethereum Layer 2s.
Is this a routine portfolio rebalance, or a signal of shifting sentiment on crypto-treasury models? 🧐
ZAMA | SENT | FOGO
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