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<\/p>\nPeter Thiel and entities tied to Founders Fund have absolutely exited ETHZilla, the publicly traded Ethereum treasury play that after marketed itself as a proxy guess on company ETH accumulation. A Schedule 13G\/A filed Tuesday exhibits the reporting group completed 2025 with no remaining widespread shares, wiping out a place that had been carefully watched throughout each crypto and small-cap fairness circles.<\/p>\n
Thiel Exists Ethereum Treasury Play<\/h2>\n
The amended submitting, dated Feb. 17, 2026, is unusually blunt on the present footprint: \u201cAggregate amount\u2026 0.00. Percent of class\u2026 0.0%. Ownership of 5 percent or less of a class.\u201d The positions are reported as of Dec. 31, 2025, that means the exit was accomplished by year-end.<\/p>\n
\nPETER THIEL EXITS ETHEREUM DAT \u201cETHZILLA\u201d AMID $ETHZ<\/a> TOKENIZED JET ENGINE FOCUS: FILING pic.twitter.com\/nnMeT32LQ4<\/a><\/p>\n
\u2014 Aggr News (@AggrNews) February 18, 2026<\/a><\/p>\n<\/blockquote>\n
That zeroed-out line merchandise is a pointy distinction to what Thiel-related autos disclosed just a quarter earlier<\/a>. In a previous Schedule 13G\/A reporting holdings as of Sept. 30, 2025, Thiel was listed with 928,389 shares beneficially owned, representing 5.6% of the category at the moment, with further blocks attributed to Founders Fund entities. The identical submitting famous the corporate\u2019s 1-for-10 reverse inventory cut up efficient Oct. 20, 2025, with reported share counts adjusted accordingly.<\/p>\n
ETHZilla\u2019s story arc issues as a result of it tried to translate the Bitcoin treasury template<\/a> into an ETH-native wrapper at a second when public-market autos had been being pitched as liquid, leverable on-ramps to digital asset publicity. Thiel\u2019s preliminary involvement, extensively reported as a 7.5% stake disclosed in August 2025, helped legitimize that pitch, at the least briefly.<\/p>\n
More not too long ago, ETHZilla has been signaling a pivot away from a pure ETH-treasury id and towards tokenized real-world property, together with aviation. In an 8-Okay tied to a Feb. 12 press launch, the corporate stated its subsidiary launched \u201cEurus Aero Token I,\u201d describing it as \u201ca tokenized real-world asset<\/a> instrument\u201d that provides publicity to plane engines on lease \u201cthrough tradable digital tokens representing contractual revenue rights.\u201d<\/p>\n
The sequencing leaves merchants with an uncomfortable, unresolved query: did Founders Fund\u2019s exit precede (and implicitly front-run) the technique shift, or was it merely a portfolio cleanup after the preliminary \u201cETH treasury\u201d narrative cooled?<\/p>\n
On X, one commentator framed Thiel\u2019s timing as a part of a broader sample, although a number of of the put up\u2019s claims transcend what\u2019s within the SEC submitting. The account @treebook78 known as Thiel a \u201cmaster at sensing crises,\u201d writing that he \u201cdodged this current dip too,\u201d and arguing he\u2019s an \u201cexit master\u201d who will get out early when bubbles or stress construct.<\/p>\n
\u201cBack in 2022, he posted diamond hands on SNS telling people to hold Bitcoin forever, but then he quietly sold everything and avoided the Luna crash and FTX collapse (as I recall),\u201d @treebook78 wrote.<\/p>\n
At press time, Ethereum traded at $1,984.<\/p>\n
Ethereum stays under the 200-week EMA, 1-week chart | Source: ETHUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n Featured picture created with DALL.E, chart from TradingView.com<\/p>\n
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