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\n\t\t\t\t\t\t\t\t\tOnce holding over 100,000 ETH, ETHZilla liquidated some to cover debt and repurchase stock.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Peter Thiel and his Founders Fund have sold $74.5 million worth of ether (ETH) through ETHZilla Corp., fully exiting the company\u2019s crypto treasury. The SEC filing confirmed Thiel\u2019s entities no longer hold any shares in ETHZilla.<\/p>\n
The sale follows<\/a> a series of ether liquidations by ETHZilla to cover debt and buy back stock. The company previously held over 100,000 ETH at its peak, according to DefiLlama.<\/p>\n ETHZilla started as a biotech firm, 180 Life Sciences Corp., before making a full pivot to cryptocurrency management in August. The Palm Beach-based company rebranded and shifted its operations entirely to focus on holding ETH, signaling a major change from its original biotech focus.<\/p>\n The timing of this shift coincided with a broader crypto market downturn<\/a>, which immediately affected the company\u2019s treasury. Ether has fallen nearly 60% from last year\u2019s peak, trading around $2,000 at press time. The decline put pressure on ETHZilla\u2019s newly acquired crypto holdings, making careful financial management a priority.<\/p>\n To stabilize its finances, ETHZilla sold ether in October and December. In late October, it liquidated roughly $40 million to repurchase shares. Two months later, it sold $74.5 million to repay senior secured convertible notes, according to filings.<\/p>\n ETHZilla has launched a subsidiary, ETHZilla Aerospace, to offer tokenized equity in leased jet engines. The move signals a shift toward real-world, asset-backed offerings beyond its cryptocurrency holdings.<\/p>\n Meanwhile, the company has not publicly commented on Thiel\u2019s exit or its recent ETH sales. However, observers say these actions reflect the financial pressures facing crypto-focused public firms.<\/p>\n Notably, the development underscores the caution high-profile investors are showing amid volatile markets. It also highlights the challenges of maintaining a public ether treasury during rapid price swings.<\/p>\n Looking ahead, market watchers will follow ETHZilla\u2019s aerospace venture and broader strategy for clues about its next steps. The pivot may indicate a new approach for digital asset companies seeking revenue outside of pure crypto holdings. It also shows how quickly corporate strategies can evolve in the crypto space.<\/p>\nETHZilla Faces Market Pressure<\/h2>\n
A Shift to Real-World Assets<\/h2>\n
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