ETHZilla sells 24,000 ETH to raise $74.5 million, halts mNAV dashboard updates
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ETHZilla sells 24,000 ETH to raise $74.5 million, halts mNAV dashboard updates
ETHZilla officially announced 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 instead focus on revenue and cash flow growth from its RWA tokenization business, but committed to continue providing balance sheet updates and material changes in ETH holdings through SEC filings and social media.
Navigating Web3 tides with focused insightsTechFlow, 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.
