Peter Thiel, as of December 31, has totally divested from ETHZilla, his ether (ETH) gobbling firm that’s presently down 98% from its 52-week excessive.
These gross sales finalize losses for Thiel’s funding that exceeded $200 million on the firm’s transient, exuberant peak in August.
On August 4 final 12 months, ETHZilla (beneath its prior Nasdaq-listed title, 180 Life Sciences) closed a $425 million personal funding in public fairness (PIPE).
Individually, Thiel’s funds had additionally invested by August 4, 2025, disclosing mixture helpful possession of 11,592,241 shares. Thiel’s amount was then value about $40 million or 7.52% of 180 Life Sciences’ 154,032,084 shares excellent.
Though charts present an ETHZ buying and selling vary of $27.22-$35.70 on the day earlier than Thiel’s funding, that value displays a one-for-10 reverse share break up that occurred in October.
In precise reality, Thiel’s 11.5 million beneficially-owned shares have been buying and selling at $2.72-$3.57 the day previous to his funding, imputing an funding of roughly $40 million based mostly on their $3.54 closing print on August 1, 2025.
He disclosed his possession the next buying and selling day, as required by SEC rules.
Inside two weeks of his funding, his pre-split shares rocketed from $3.54 to $17.46 on August 13 after the previous biotech firm introduced a number of crypto traders and an ETH acquisition technique that was having fun with a short mania in digital asset treasury (DAT) shares.
ETHZilla is down 98% from its August peak
Marked-to-market on the firm’s August peak, Thiel and his funds owned over $200 million value of inventory.
Sadly, he held on for months of losses.
Though Thiel trimmed his publicity from 7.5% to five.6% by September 30, he continued to carry the overwhelming majority of his shares — and their dwindling worth.
He wouldn’t promote all the place till the fourth quarter — after shares had misplaced over 85% of their August peak worth.
By the point he’d bought all the pieces, shares have been down 86% from Thiel’s August 1 closing value and 97% from their August 13 peak.
As of at this time, shares are down 98% from their excessive.
Though Thiel isn’t required to reveal his common sale costs on SEC 13G schedules, approximating his losses is elementary math.
If Thiel beneficially owned roughly $40 million as of his opening funding, he definitely misplaced tens of hundreds of thousands of {dollars} by the point he bought.
From their fleeting worth above $200 million, he let properly over $100 million — in all probability greater than $150 million — in paper worth evaporate.
Losses from his beginning funding measurement seemingly exceed $30 million from August 1 to the common buying and selling vary in the course of the intervals through which he was promoting.
Notice: Above figures about Thiel’s investments embody all the funds via which he invested in ETHZilla (previously 180 Life Sciences):
- FF Client Development, LLC
- FF Client Development II, LP
- The Founders Fund Development Administration, LLC
- The Founders Fund Development II Administration, LP
- Peter Thiel
- FF Higher Tier GP, LLC
