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ETHZilla Corp (ETHZ) shares dropped 5.13% in pre-market trading after billionaire Peter Thiel and Founders Fund liquidated their 7.5% stake. Once a biotech firm, ETHZ shifted to a corporate Ethereum treasury model, leading to a 97% stock decline. The company is now pivoting to tokenizing assets like jet engines and home loans to stabilize amid debt and market volatility.
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