Peter Thiel's Founders Fund Completes Exit from ETHZilla

Billionaire tech investor Peter Thiel and his Founders Fund have completely divested from ETHZilla, as indicated by a filing with the U.S. Securities and Exchange Commission. Bloomberg posted on X, highlighting the strategic move by Thiel's investment firm. The decision marks a significant shift in the fund's investment strategy, reflecting broader trends in the tech investment landscape. The exit from ETHZilla underscores the dynamic nature of venture capital investments and the evolving priorities of major investors like Thiel.