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The sixth-largest Ethereum strategic reserve public company, ETHZilla, is on the verge of collapse. According to the latest SEC filings, they've dumped 24,291 ETH since the 15th at an average price of $3,068—about 25% of their total holdings. They’re now down to 69,800 ETH and have openly stated they may liquidate the rest to repay convertible bonds and fund future operations. Basically, this is a death knell for the company.

As long as the price of cryptocurrency drops, even more people will be unable to withstand the pressure.
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