Last mentioned: 5h ago
Market Reaction
ETZH stock sinks 5% in overnight trading as investors react to the Thiel exit.
SEC Filing
Regulatory filings show Founders Fund has reduced its ETHZilla holdings to zero.
Strategic Shift
ETHZilla announces plans to pivot from crypto treasuries to aviation asset tokenization.
Initial Investment
Founders Fund discloses a 7.5% stake in ETHZilla, backing its Ethereum treasury model.
Colossus, a lean four-person startup, is developing a decentralized payment infrastructure on an Ethereum layer-2 to bypass traditional KYC requirements. By leveraging blockchain technology, the firm aims to offer crypto cards that challenge the dominance of incumbents like Visa and Mastercard.
Peter Thiel’s Founders Fund has liquidated its entire 7.5% stake in ETHZilla, a firm formerly focused on Ethereum treasuries. The exit comes as ETHZilla pivots toward tokenizing aviation assets, signaling a broader institutional reassessment of pure-play crypto treasury models.