ETHZilla has sold $74.5 million worth of Ethereum to repay high-interest debt, marking a shift from its previous accumulation strategy. The company liquidated 24,291 ETH at an average price of $3,068.69 each, according to a recent SEC 8-K filing. This decision has heightened short-term selling pressure on Ethereum, sparking discussions about the viability of holding volatile assets for long-term investment purposes.
ETHZilla Liquidates $74.5M in Ethereum to Settle Debt
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