The post Palantir’s Peter Thiel Dumps ETHZilla as Company Abandons Ethereum Treasury Model appeared on BitcoinEthereumNews.com.

Ethereum Billionaire investor Peter Thiel and his venture firm Founders Fund have fully walked away from ETHZilla, marking a decisive end to what was once a high-profile bet on the company’s Ethereum-focused treasury model. Key Takeaways Peter Thiel has completely exited ETHZilla, reducing his stake from 7.5% to 0%. The stock has collapsed roughly 97% from 2025 highs amid strategy turmoil. ETHZilla has pivoted from an Ethereum treasury model to tokenizing jet engines and other real-world assets. The firm now offers projected yields of around 11%, competing with other RWA platforms.  According to the latest filings with the U.S. Securities and Exchange Commission, Thiel now reports owning zero shares. Just six months earlier, he had disclosed a 7.5% stake, positioning himself as one of the company’s most prominent backers. The exit triggered fresh selling pressure, with ETHZilla shares dropping more than 5% in overnight trading. The stock has already plunged roughly 97% from its 2025 peak, reflecting a dramatic loss of investor confidence. From Ethereum Treasury to Asset Tokenization ETHZilla – formerly known as 180 Life Sciences – rebranded in 2025 and attempted to mirror the Bitcoin balance sheet strategy popularized by MicroStrategy, but with Ethereum instead. The approach quickly ran into trouble as crypto markets weakened. Falling ETH prices forced the company to liquidate significant portions of its holdings. In December 2025 alone, it sold about $74.5 million worth of Ethereum to repay senior secured convertible notes and stabilize its balance sheet. Today, ETHZilla reportedly holds around 69,800 ETH, valued near $139 million. However, its financial health remains fragile, with an Altman Z-Score of -0.54 signaling elevated bankruptcy risk. A Radical Pivot: Jet Engines on Blockchain In a dramatic shift, the company has abandoned its “Digital Asset Treasury” narrative and repositioned itself as a real-world asset tokenization platform. Through…

---

Filed under: News - @ February 18, 2026 10:26 am