Peter Thiel's Founders Fund sell all im stake for ETHZilla as di firm shift from dey hoard ETH to tokeniz RWA
Founders Fund wey Peter Thiel dey lead don fully comot hin stake for ETHZilla according to Schedule 13G/A wey dem file on Feb 17, 2026 wey show say dem no hold any common shares as of Dec 31, 2025. The fund bin hold about 7.5% of ETHZilla for August 2025, stake wey small time make ETHZilla strategy to gather ETH as treasury asset look credible. ETHZilla — wey before na biotech firm 180 Life Sciences — once collect pass 100,000 ETH and the stock reach near $107 during 2024 crypto boom. The company sell about $40 million worth of ETH for October and $74.5 million for December to pay convertible debt, this contribute to investors lose confidence and stock drop to $4.99 by Dec 30, 2025. Early 2026 ETHZilla announce strategic pivot and spin‑off, ETHZilla Aerospace, dem redirect focus to tokenizing real‑world assets (RWA) like revenue rights from leased aircraft engines. Thiel exit dey happen same time as pivot and e raise questions about timing — whether Founders Fund sabi the strategy change before or dem comot after institutional appetite for ETH‑treasury models reduce. Market meaning for traders: big insider or institutional exits from tokenized, ETF‑like vehicles fit mean lower institutional demand, fit increase selling pressure on related equities and secondary token markets, and fit raise volatility for ETH and microcap tokens wey join ETHZilla pivot. Traders suppose dey watch SEC filings, changes to share float, ETH price action, and further RWA tokenization announcements from ETHZilla.
Bearish
Founders Fund comot finish for ETHZilla, join plus di emergency sales of ETH wey the company do to pay debt and di strategic turn wey dem make away from dey accumulate ETH, fit mean bad news for ETH for short term. Big institution sell‑offs and the loss of one high‑profile backer reduce how people dey see institutional demand for ETH‑treasury models and tokenized ETF‑like vehicles. Di direct effects include possible downward pressure on ETH price if more holders follow or if ETHZilla sell more reserves, and more volatility for microcap tokens wey dey linked to ETHZilla’s assets. Short‑term traders fit see more sell‑side pressure and spikes in volatility around announcements or SEC filings. For medium to long term, di impact fit calm down: demand for ETH strong and no dey depend only on one issuer, and if ETHZilla pivot go RWA e fit limit future ETH sales if dem rebalance holdings toward tokenized real assets. But the immediate market reaction to one big institutional exit and forced asset sales usually dey negative.