Peter Thiel has fully exited the Ethereum treasury firm ETHZilla after selling his entire stake.

A recent SEC filing confirms that Thiel and his Founders Fund no longer hold any shares in the company. This exit comes after ETHZilla’s stock plummeted following a massive drop in Ethereum's price. The firm, which aimed to grow by holding ETH, was forced to sell off a significant portion of its reserves to pay off debts, leading one of its biggest backers to pull out completely.