ETHZilla has amended its convertible debenture terms and issued a new $350 million tranche at a 2% annual interest rate. The existing $156.5 million in debentures will continue at 0% interest until February 6, 2026, after which they will accrue 2% annually. The company currently holds 102,264 ETH, valued at approximately $462 million, along with $559 million in cash and U.S. Treasuries. This move aims to bolster ETHZilla's balance sheet and fund strategic initiatives, including investments in Layer 2 protocols and real-world asset tokenization.