ETHZilla Files for $350M Funding as Digital Asset Treasuries Grow
The post ETHZilla Files for $350M Funding as Digital Asset Treasuries Grow appeared on BitcoinEthereumNews.com. TLDR ETHZilla raised $350 million through convertible debentures to expand its Ethereum-focused treasury strategy. The company’s total debenture program value now reaches nearly $500 million after this new funding. ETHZilla holds 102,264 ETH worth approximately $462 million, alongside $559 million in cash and US Treasuries. The company plans to invest in Ethereum scaling protocols and real-world asset tokenization to boost cash flow. 4.34% of Ethereum’s total supply is now controlled by corporate digital asset treasuries like ETHZilla. ETHZilla Corporation, a Nasdaq-listed decentralized finance technology firm, has raised $350 million through convertible debentures. This new round of funding will help the company further expand its Ethereum-focused treasury strategy and invest in tokenization projects. The company also plans to increase its cash flow by focusing on Ethereum scaling protocols and the tokenization of real-world assets. ETHZilla’s New Convertible Debentures and Treasury Strategy ETHZilla announced a new agreement with an existing institutional investor to raise $350 million through convertible debentures. This follows a $156.5 million tranche issued earlier, bringing the total value of the company’s debenture program to nearly $500 million. The new debentures will carry a 2% annual interest rate, with the conversion price set at $3.05 per share. Under the revised terms, the earlier notes remain interest-free until February 2026. After this, they will convert to a 2% interest rate, down from the previous 4%. “We are committed to being responsible stewards of our shareholders’ capital,” said McAndrew Rudisill, ETHZilla’s chairman and CEO. ETHZilla holds substantial reserves, including 102,264 ETH worth about $462 million. The company also has $559 million in cash and US Treasuries, along with 1.5 million earned protocol tokens. ETHZilla’s hybrid strategy focuses on both investing in short-term securities and Ethereum scaling protocols. Ethereum Digital Asset Treasuries and Supply Control The growing trend of digital asset treasuries (DATs)…
The post ETHZilla Files for $350M Funding as Digital Asset Treasuries Grow appeared on BitcoinEthereumNews.com.
TLDR ETHZilla raised $350 million through convertible debentures to expand its Ethereum-focused treasury strategy. The company’s total debenture program value now reaches nearly $500 million after this new funding. ETHZilla holds 102,264 ETH worth approximately $462 million, alongside $559 million in cash and US Treasuries. The company plans to invest in Ethereum scaling protocols and real-world asset tokenization to boost cash flow. 4.34% of Ethereum’s total supply is now controlled by corporate digital asset treasuries like ETHZilla. ETHZilla Corporation, a Nasdaq-listed decentralized finance technology firm, has raised $350 million through convertible debentures. This new round of funding will help the company further expand its Ethereum-focused treasury strategy and invest in tokenization projects. The company also plans to increase its cash flow by focusing on Ethereum scaling protocols and the tokenization of real-world assets. ETHZilla’s New Convertible Debentures and Treasury Strategy ETHZilla announced a new agreement with an existing institutional investor to raise $350 million through convertible debentures. This follows a $156.5 million tranche issued earlier, bringing the total value of the company’s debenture program to nearly $500 million. The new debentures will carry a 2% annual interest rate, with the conversion price set at $3.05 per share. Under the revised terms, the earlier notes remain interest-free until February 2026. After this, they will convert to a 2% interest rate, down from the previous 4%. “We are committed to being responsible stewards of our shareholders’ capital,” said McAndrew Rudisill, ETHZilla’s chairman and CEO. ETHZilla holds substantial reserves, including 102,264 ETH worth about $462 million. The company also has $559 million in cash and US Treasuries, along with 1.5 million earned protocol tokens. ETHZilla’s hybrid strategy focuses on both investing in short-term securities and Ethereum scaling protocols. Ethereum Digital Asset Treasuries and Supply Control The growing trend of digital asset treasuries (DATs)…
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