Bitcoin Slides to $68,000 as Thiel Exits ETHZilla After 28.4% ETH Decline
Bitcoin fell to $68,000, reducing the value of MicroStrategy’s BTC holdings. Peter Thiel’s Founders Fund fully divested from ETHZilla after Ethereum declined 28.4% in Q4 2025 and 17.7% in January 2026.
1. Bitcoin Price Drop Impacts Treasury Holdings
Bitcoin fell to $68,000 on February 18, reducing the market value of corporate bitcoin treasuries linked to MicroStrategy’s holdings and highlighting volatility risks for balance sheets heavily weighted in BTC.
2. Thiel’s Founders Fund Exits ETHZilla
The Founders Fund, managed by Peter Thiel, reported zero ownership in ETHZilla by the end of 2025 after previously holding a 7.5% stake, marking a complete divestment from the Ethereum-focused treasury firm.
3. Ethereum Decline Underscores Strategy Risks
Ethereum plunged 28.4% in Q4 2025, its first negative quarterly performance since 2022, then fell another 17.7% in January 2026 to $2,017, intensifying losses for digital asset treasury firms and prompting token sales.