On December 22, ETHZilla, a US-listed company specializing in ETH treasury assets, announced on social media that it had sold 24,291 ETH as part of the redemption of its issued senior collateralized convertible notes, raising approximately $74.5 million.
ETHZilla plans to use all or most of the proceeds for redemptions. Looking ahead, the company believes its value will primarily come from revenue and cash flow growth generated by its Real-World Asset (RWA) tokenization business. Therefore, effective immediately, we will cease updating the Adjusted Net Asset Value (mNAV) dashboard on our website, but plan to continue providing regular balance sheet updates.
In addition, ETHZilla will continue to release information about any material changes to our ETH holdings and/or number of shares through SEC (Securities and Exchange Commission) filings and social media.
