ETH treasury stock ETHZilla announces sale of 24,200 ETH to repay debts, will shift focus to RWA tokenization business
BlockBeats News, December 22, US-listed ETH treasury company ETHZilla announced on its official social media that, as part of redeeming its outstanding senior secured convertible notes, ETHZilla has sold 24,291 ETH, raising approximately $74.5 million.
ETHZilla plans to use all or most of the proceeds for redemption. Looking ahead, the company believes its value will mainly derive from revenue and cash flow growth brought by real-world asset (RWA) tokenization business. Therefore, starting today, we will stop updating the "Adjusted Net Asset Value" (mNAV) dashboard on our official website, but plan to continue providing regular balance sheet updates.
In addition, ETHZilla will continue to disclose any significant changes in our ETH holdings and/or share quantity through SEC filings and social media updates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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