Ethereum Price Decline Accelerates Institutional Investment
Ethereum's (ETH) price decline from mid-2025 peaks has wiped out corporate treasury plays, but institutional infrastructure investment is accelerating.
The divergence in ETH exposure is evident as equity wrappers built around raw cryptocurrency accumulation have suffered collapses, while regulated yield products and venture infrastructure funds continue drawing capital through the drawdown.
ETHZilla Corp's stock fell to $3.40, down 97% from its August 2025 peak above $107, after ETH's decline eroded the equity multiple built on leveraged token accumulation.
Peter Thiel's Founders Fund fully exited its 7.5% stake in ETHZilla by year-end, per a Feb. 17 SEC filing, and the company has since sold over $114 million in ETH to service convertible debt.