Tech Billionaire Thiel Exits Ether Treasury Firm ETHZilla (1)

Billionaire tech investor Peter Thiel and his Founders Fund have fully exited ETHZilla Corp., according to a filing with the US Securities and Exchange Commission.

Entities managed by Thiel now report owning zero shares in the company, the filing released late Tuesday shows. In August, those same entities disclosed a 7.5% stake. ETHZilla has yet to respond to an out-of-hours request for comment.

Peter Thiel

Photographer: Kiyoshi Ota/Bloomberg

ETHZilla is a digital asset treasury, a company that primarily holds cryptocurrencies — in this case Ether — and raises funds by selling investors stocks and bonds. It is one of a wave of firms that ...