PANews reported on November 15 that, according to filings with the U.S. Securities and Exchange Commission (SEC), Founders Fund, a venture capital firm led by billionaire and top Silicon Valley investor Peter Thiel, held 928,389 shares of Ethereum treasury company ETHZilla as of September 30, 2025, representing 5.6% of ETHZilla's stock. Compared to the 7.5% ETHZilla stock it reported on August 4, Peter Thiel-related entities had reduced their holdings by 1.9% of ETHZilla stock before September 30.