Peter Thiel's Founders Fund reduces stake in ETHZilla to 5.6%

According to a filing with the U.S. Securities and Exchange Commission (SEC), Founders Fund, led by PayPal co-founder Peter Thiel, now holds a 5.6% stake in ETHZilla, a Nasdaq-listed company that invests in Ethereum. This represents a 1.9 percentage point decrease from the 7.5% stake the fund reported on Aug. 4.