ETHZilla raises $74.5 million by selling 24,000 ETH and discontinues mNAV dashboard updates.

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According to Foresight News , ETHZilla officially announced that it has sold 24,291 ETH, raising approximately $74.5 million. The company plans to use all or most of the proceeds to redeem its senior secured convertible notes. Redemptions will be completed on December 24th and 30th. ETHZilla also stated that it will discontinue providing the mNAV dashboard on its website, focusing instead on revenue and cash flow growth from its RWA tokenization business. However, it promises to continue providing balance sheet updates and information on significant changes to its ETH inventory through SEC filings and social media.

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