Billionaire Peter Thiel sold his entire 7.5% stake in ETHZilla, according to a company disclosure. ETHZilla is reported to regularly accumulate ETH on its balance sheet.

Sale disclosure

The company filing records Thiel's divestment of his full 7.5% holding in ETHZilla, as noted in the disclosure referenced by the company. The document identifies the sale as a completed transaction and lists Thiel as the selling shareholder.

About ETHZilla

ETHZilla has been described as an entity that systematically purchases ether to hold on its corporate balance sheet rather than distribute it to external investors. The firm’s strategy of accumulating ETH has been a notable feature of its public communications.

Market context

Corporate holdings of cryptocurrencies can change available supply on exchanges and may affect short-term liquidity conditions, depending on the scale and timing of transfers. Sales by large shareholders are typically monitored by market participants for potential effects on trading volumes and price discovery.

What is known and unknown

The disclosure confirms the ownership change but does not enumerate subsequent holders or any associated counterparties. Further details about the buyer, consideration, and the use of proceeds were not included in the company’s statement.