According to Mars Finance, the Ethereum treasury company ETHZilla announced on the X platform that it has sold 24,291 ETH, with proceeds of approximately $74.5 million. This transaction is reported to be part of the redemption of outstanding senior secured convertible notes. In the future, the company's value will be more driven by the revenue and cash flow generated from its RWA tokenization business, and therefore it will stop publicly disclosing the mNAV panel. However, it will continue to regularly disclose its asset-liability situation and update the ETH treasury and equity changes through SEC filings and social media.
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Ethereum treasury company ETHZilla sold 24,291 ETH, raising approximately 74.5 million dollars.
According to Mars Finance, the Ethereum treasury company ETHZilla announced on the X platform that it has sold 24,291 ETH, with proceeds of approximately $74.5 million. This transaction is reported to be part of the redemption of outstanding senior secured convertible notes. In the future, the company's value will be more driven by the revenue and cash flow generated from its RWA tokenization business, and therefore it will stop publicly disclosing the mNAV panel. However, it will continue to regularly disclose its asset-liability situation and update the ETH treasury and equity changes through SEC filings and social media.