ETHZilla crashes 97%, Thiel exits the ‘Ethereum Treasury’ model
ETHZilla, once a prominent corporate crypto firm known for holding large amounts of Ethereum as its core strategy, has collapsed by 97% from its peak. Billionaire investor Peter Thiel and his Founders Fund sold their entire 7.5% stake, marking a dramatic shift. The company has abandoned its Ethereum treasury model, selling $74.5 million worth of ETH to reduce debt and pivot into aerospace investments. This move came amid severe Ethereum price volatility, where ETH fell from around $3,400 to $1,900 between January and February 2026, causing financial instability for ETHZilla. Despite this, other institutions like Bitmine Immersion Technologies and Harvard Management Company continue to hold or increase Ethereum exposure, indicating ongoing institutional interest despite market weakness.
ambcrypto02/19 07:01