Peter Thiel sells off full stake in crypto company

Billionaire task capitalist Peter Thiel has afloat exited ETHZilla (NASDAQ: ETZH), the Ethereum-focused treasury firm.

The steadfast erstwhile counted his backing arsenic a large endorsement of firm ETH accumulation strategies.

Just months earlier, Thiel had disclosed his involvement successful ETHZilla, positioning the determination arsenic a notable stake connected Ethereum’s relation arsenic a firm treasury asset.

Related: Peter Thiel-backed slope gets conditional regulators nod

According to a Form 13G/A filed with the United States Securities and Exchange Commission (SEC) connected Feb. 17, 2026, Thiel and affiliated Founders Fund entities reported beneficial ownership of 0.00 shares arsenic of Dec. 31, 2025.

The filing shows zero sole oregon shared voting power, zero dispositive power, and a 0.0% involvement successful the company.

The reversal is striking. When Thiel disclosed his 7.5% involvement past August, the determination was wide interpreted arsenic validation of Ethereum treasury models, akin to however Michael Saylor’s Strategy (NASDAQ: MSTR) popularized firm Bitcoin accumulation.

Founders Fund has besides disclosed holding much than 9% of Tom Lee's BitMine Immersion, presently the largest Ethereum treasury firm.

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Based successful Palm Beach, ETHZilla began arsenic 180 Life Sciences Corp, a biotech firm. In August 2025, it pivoted sharply into an Ethereum (ETH) treasury strategy, amassing much than 100,000 ETH astatine its peak.

As per CoinGecko, the institution present holds 69,802 ETH worthy astir $140 million, placing it among the apical 10 nationalist firm holders of Ethereum. It precocious announced the motorboat of ETHZilla Aerospace to connection tokenized equity successful leased pitchy engines.

At property time, ETHZilla banal was trading 3.13% little during after-market hours astatine $3.40. Meanwhile, ETH was up by 1.6%, trading at $2,019.15, arsenic per CoinGecko.

Related: Is A Bitcoin and Ethereum Treasury Company Bubble Forming?

This communicative was primitively published by TheStreet connected Feb 18, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.