Billionaire investor Peter Thiel and Founders Fund have completely exited their 7.5% stake in Ethereum treasury company ETHZilla (NASDAQ: ETHZ) in Q4 2025, according to SEC filings. This exit comes after ETHZ shares plummeted about 98% from their August peak, adjusted for the company's 1-for-10 stock split in October.

ETHZilla has been diversifying its portfolio, launching buyback programs and exploring tokenization of real-world assets like leased jet engines. Currently, the company's stock is trading at $3.62

Thiel and Founders Fund also reduced their holdings in BitMine Immersion Technologies, which has seen a 64% decline in shares over the past six months