- Peter Thiel has fully divested from ETHZilla, his ether-gobbling investment company.
- The company’s shares have plummeted 98% from their peak value in August, erasing over $200 million in fleeting paper gains.
- Thiel’s final sales lock in substantial losses from an initial investment of approximately $40 million.
Prominent investor Peter Thiel has completely exited his position in ETHZilla, the Nasdaq-listed Ethereum treasury company, finalizing significant losses on the investment according to regulatory filings. His funds initially disclosed an $40 million stake in the former biotech firm on August 4, 2025.
The company, then called 180 Life Sciences, had just closed a $425 million private placement to fund its new crypto strategy. Consequently, the stock price soared within weeks, briefly valuing Thiel’s holdings at over $200 million.
However, that rally was short-lived as the digital asset treasury stock mania faded. Thiel gradually reduced his exposure, trimming his stake from 7.5% to 5.6% by the end of September while shares declined.
His final sales in the fourth quarter occurred after the stock had already fallen 85% from its August peak. Therefore, Thiel’s total losses from his starting position likely exceeded $30 million.
The company’s share price is now down 98% from its all-time high. This collapse highlights the extreme volatility that characterized the brief crypto treasury stock trend last year.
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