TechFlow, December 22 — ETHZilla officially announced today that it has sold 24,291 ETH, raising approximately $74.5 million, with plans to use all or most of the proceeds to redeem the company's senior secured convertible notes. The redemption will be completed on December 24 and 30. Meanwhile, ETHZilla stated it will discontinue the mNAV dashboard on its official website and shift focus toward revenue and cash flow growth in its RWA tokenization business, while committing to continue providing balance sheet updates and material changes in ETH holdings through SEC filings and social media.
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