Billionaire Peter Thiel has fully divested from ETHZilla, an Ethereum treasury-focused company, after its stock plummeted 98% from its peak in August. Thiel's investment, initially valued at over $200 million during the peak, suffered losses exceeding tens of millions of dollars as ETHZilla's share price collapsed throughout the latter half of 2025. Despite trimming some exposure in September, Thiel maintained most of his shares until fully exiting in the fourth quarter when values had dramatically fallen.
