Peter Thiel Exits ETHZilla Investment After Ethereum Treasury Stock Craters

In brief

• Billionaire investor Peter Thiel and Founders Fund dumped all their shares in Ethereum treasury firm ETHZilla.
• Thiel and Founders Fund had purchased a 7.5% stake in the firm in July, sending shares upward amid the news.
• Shares of ETHZ have tumbled around 98% from their August high, factoring in October’s 1-for-10 stock split.