Peter Thiel and Founders Fund Fully Exit ETHZilla as Share Price Slides 97% From 2025 Peak

On February 28, 2026, Peter Thiel and Founders Fund entities disclosed via a US SEC filing that they had sold their entire position in Ethereum treasury firm ETHZilla, triggering a premarket share drop of nearly 7%. ETHZilla's stock was trading around $3.20 on Wednesday, down 97% from its $107 high in August 2025, as the company shifts from an Ethereum treasury focus toward tokenized real world assets.