Peter Thiel has completely divested his stake in the Ethereum Treasury Company ETHZilla by the end of 2025.

BlockBeats News, February 18th, according to an SEC 13G filing, as of December 31, 2025, Peter Thiel has fully divested his stake in the Ethereum treasury company ETHZilla. His holdings have decreased from the previous 7.5% (approximately 11.59 million shares) to 0%.

Peter Thiel was once a key endorser and major shareholder of ETHZilla. The news of Thiel's investment had led to a sharp increase in ETHZ's stock price, which was considered a bullish signal for the Ethereum ecosystem.

However, following the continuous downturn of the crypto market, ETHZilla has successively announced selling coins to pay off debts, selling coins to purchase rocket engines for a leasing business, and has clearly stated that hoarding ETH in the treasury will no longer be its primary business model.