Peter Thiel and his Founders Fund have walked away from ETHZilla Corporation (ETHZ) entirely, according to an amended Schedule 13G filed Tuesday with the Securities and Exchange Commission. The billionaire investor signed the filing himself, which shows that every entity connected to Founders Fund now holds exactly 0.0% of ETHZ common stock as of the end of last year.
Peter Thiel and Founders Fund Dump All Shares in Ethereum Treasury Company ETHZilla
Get Market Alerts
Weekly insights + SMS alerts
Everyone's Out
The SEC document lists six reporting parties involved in the exit: FF Consumer Growth II, LP; The Founders Fund Growth II Management, LP; FF Upper Tier GP, LLC; FF Consumer Growth, LLC; The Founders Fund Growth Management, LLC; and Thiel personally. Each one reported zero shares across the board—no sole voting power, no shared voting power, no sole dispositive power, no shared dispositive power. Just zeros all the way down.
A Quick Unwind
Back in August, Thiel personally owned 11,592,241 shares, which represented a 7.5% stake in the company. By December 31, that position had been completely liquidated. It's a clean break from the Ethereum (ETH) treasury firm, which holds the cryptocurrency as its core business strategy.
Shorts Pile On
While Thiel was heading for the exits, short sellers were moving in the opposite direction. Short interest in ETHZ climbed from 2.71 million shares to 2.85 million in the most recent reporting period. That's 15.08% of the company's available float—a substantial bearish bet.
Given ETHZ's average daily volume of around 505,260 shares, it would take roughly 5.64 days for short sellers to fully cover their positions without significantly impacting the stock price.
Where Things Stand
Ethereum itself, the asset underlying ETHZilla's entire business model, was trading at $1,981.69 at last check. The cryptocurrency posted modest gains—up 1.40% over the past hour, 0.61% over 24 hours, and 1.61% over the past week.
ETHZ shares weren't faring as well. The stock was down 0.85% at $3.48 at the time of publication Wednesday, trading uncomfortably close to its 52-week low of $2.99.
More News

Markets Rise as U.S. and Iran Hit Pause on Strikes; Big Tech Earnings and Fed Decision Loom

Trump Admin to Pump $1 Billion into this "Off-the-Radar" AI Stock

Oil Tumbles and Stocks Rise as Trump Gives Iran Diplomacy 'Some Space'

Iran Says It Won't Let the US Dictate the War's Pace, Strait of Hormuz Stays Closed

Trump’s Tariff Gambit Puts Canadian Oil in the Crosshairs—and U.S. Gas Prices on the Line

Your Download Link (Expiring)

Sen. John Kennedy Warns Trump's Saudi Nuclear Deal Sends Wrong Signal Amid Iran Tensions: 'The World Is on a Hair Trigger'

Apple's AI Strategy Is a High-Stakes Bet—and One Analyst Thinks It's Wrong
Get Market News Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Markets Rise as U.S. and Iran Hit Pause on Strikes; Big Tech Earnings and Fed Decision Loom

Trump Admin to Pump $1 Billion into this "Off-the-Radar" AI Stock (Ad)

Oil Tumbles and Stocks Rise as Trump Gives Iran Diplomacy 'Some Space'

Iran Says It Won't Let the US Dictate the War's Pace, Strait of Hormuz Stays Closed

Trump’s Tariff Gambit Puts Canadian Oil in the Crosshairs—and U.S. Gas Prices on the Line

Have you tried Elon Musk’s 70X AI agent? (Ad)

Sen. John Kennedy Warns Trump's Saudi Nuclear Deal Sends Wrong Signal Amid Iran Tensions: 'The World Is on a Hair Trigger'






