ETHZilla has announced the sale of 24,291 ETH, raising approximately $74.5 million. The funds will be used to redeem outstanding senior secured convertible notes, with redemptions expected on December 24 and December 30. The company plans to shift its value focus towards revenue and cash flow from its RWA tokenization business. Consequently, ETHZilla will discontinue its public mNAV panel but will continue to provide regular updates on its balance sheet through SEC filings and social media.
ETHZilla Sells 24,291 ETH for $74.5 Million to Redeem Convertible Notes
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