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ETHZilla

Ethzilla Plans To Raise $350M To Boost Eth Reserve
GameFi Guides

ETHZilla Plans to Raise $350M to Boost ETH Reserve

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ETHZilla Corporation has announced its latest capital plan, which includes securing a $350 million add-on convertible debenture investment from its existing institutional partner. The firm also provided a comprehensive business update, outlining its growing Ethereum (ETH) reserve, stock repurchase activity, and plans to tokenize real-world assets.

In their official press release, the firm said that the $350 million is raised via debenture insurance built on ETHZilla’s prior $156.5 million convertible debt arrangement. The update will have revised interest rates of 2% per year, starting from February 2026. 

New debentures will be issued at 2% annual interest with a conversion price of $3.05 per share, representing 1.05 times the firm’s market net asset value (mNAV). Furthermore, the company will now oversee a nearly $500 million interest-bearing securities portfolio, capturing excess interest income.

“ETHZilla is committed to being a responsible steward of shareholder capital,” said Chairman and CEO McAndrew Rudisill. “Our strategy is to deploy ETH into Layer 2 protocols and tokenize real-world assets to create sustainable free cash flow on the Ethereum network.”

ETHZilla’s yield strategy 

Besides buying ETH, the company also mentioned that it generated extra cash from using ETH in Layer 2 protocols and from its cash invested in the U.S. Treasuries and commercial paper, and it is looking into turning real-world assets into tokens. Furthermore, the firm repurchased approximately 500,000 shares at an average price of $2.41. At present, ETHZilla’s total holdings Ethereum is equivalent to 102,264, worth approximately $462 million. 

The firm also aims to roll out an ETH dashboard in the coming weeks, offering real-time visibility into its treasury and on-chain yield strategies. The company will also provide updated financial guidance for the remainder of 2025 in its Q3 earnings report. 

Also Read: BitMine Now Holds 2% of Ethereum, Raises $365M to Buy More



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ETHZilla Plans $350M Raise to Expand Ether Treasury and Yield Strategy
Crypto Trends

ETHZilla Plans $350M Raise to Expand Ether Treasury and Yield Strategy

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Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. 

ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. 

“We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.”  

A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.

ETHZilla is already earning tokens 

The Ether treasury company has already earned 1.5 million in unnamed tokens, according to the company’s disclosed financials through its participation in the ecosystem. 

“ETHZilla continues to actively deploy capital across the Ethereum ecosystem, strategically supporting a diverse range of protocols that drive innovation, long-term network growth, and differentiated yield,” the company said. 

It also previously raised $156.5 million through convertible bonds, which, combined with the fresh $350 million, leaves the company with over $506 million in its war chest. 

If it uses the entire raise for more Ether purchases, ETHZilla could stack another 120,000 tokens and add to their stash of 102,000, worth more than $428 million. 

ETHZilla, the eighth-largest Ether treasury company 

Formerly Life Sciences Corp, a Nasdaq-listed biotechnology company, it rebranded as ETHZilla Corporation in July to pivot heavily into Ether investment. 

ETHZilla is the eighth largest Ether treasury company out of 69 listed, which combined, hold 5.25 million tokens, worth over $22 billion and representing 4.25% of the circulating supply.

ETHZilla is the eighth-largest Ether treasury company with over 102,000 tokens. Source: StrategicETHReserve.XYZ

Tom Lee’s BitMine Immersion Technologies leads the pack with its 2.4 million Ether, while Sharplink Gaming is in second with 838,000 tokens. 

Stock price has been making small gains since crypto shift 

Founded in 2016 as a clinical-stage biotechnology firm, Life Sciences went public in 2020, but since its initial public offering, the stock has plunged by over 99% in the last five years. 

Related: Solana treasury race heats up as firms hunt staking rewards

The sharp decline was attributed mainly to a lack of revenue, mounting losses and repeated shareholder dilution to raise capital.

Its stock has since registered a 31% gain for the year, with its best-performing month coming in August when it rocketed to $10.70.

ETHZilla stock is up 31% year to date. Source: Google Finance 

In the last trading session, ETHZilla stock is down 5% in the regular session but rose 2% after hours to trade at $2.45. 

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time



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ETHZilla breaks ground in DeFi with $100m EtherFi restaking play
Crypto Trends

ETHZilla breaks ground in DeFi with $100m EtherFi restaking play

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ETHZilla is moving nearly a quarter of its massive ETH treasury off the sidelines and into EtherFi’s liquid restaking protocol. The Nasdaq-listed firm aims to generate yield while simultaneously bolstering the security of Ethereum and its growing ecosystem of services.

Summary

  • ETHZilla plans to deploy $100 million of its Ethereum treasury into EtherFi’s liquid restaking protocol.
  • The move represents nearly a quarter of the company’s 102,246 ETH holdings and its first engagement with DeFi.
  • The Nasdaq-listed firm said it aims to boost treasury yields while supporting Ethereum’s network security.

According to a press release dated September 2, the company plans to deploy approximately $100 million worth of its Ether (ETH) holdings into the EtherFi protocol. The allocation, representing a significant portion of its 102,246 ETH treasury, marks ETHZilla’s inaugural move into decentralized finance protocols.

For a publicly traded entity to engage in liquid restaking, a strategy that involves pledging assets to secure additional services built on Ethereum, signals a growing sophistication and risk tolerance among corporate treasuries.

“Their (ETHZilla) commitment highlights the growing institutional confidence in decentralized protocols and showcases a truly unique method to bridging traditional finance with the innovative power of the Ethereum ecosystem. We are proud to work with ETHZilla to demonstrate the significant value that liquid restaking can bring to forward-thinking treasuries.” EtherFi CEO Mike Silagadze said.

ETHZilla’s foray into liquid restaking

Per the release, ETHZilla is deploying the funds into EtherFi’s liquid restaking protocol to generate higher yields while reinforcing Ethereum’s network security. The partnership represents ETHZilla’s first engagement with decentralized finance protocols, with Executive Chairman McAndrew Rudisill framing it as both a step toward innovation and a measured exercise in prudent asset stewardship.

The company began accumulating Ethereum steadily earlier this year, with total holdings reaching 102,246 ETH at an average acquisition price of $3,948.72, representing roughly $456 million.

This positions the company with a substantial unrealized gain on its core treasury asset. In addition to its crypto holdings, the ETHZilla maintains a war chest of roughly $221 million in USD cash equivalents, providing significant liquidity for future maneuvers or to cover operational expenses without needing to liquidate its ETH position.

A review of the firm’s weekly capital summary captured in the release reveals a period of intense accumulation that has now seemingly paused. After buying 7,600 ETH in the week ending August 24, the company’s ETH acquisition dropped to zero last week, suggesting it had reached its initial accumulation target and was preparing to shift from buying mode to deploying mode. 



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NFT Gaming

ETHZilla Authorizes $250M Buyback, Expands Ether (ETH) Treasury to $489M

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ETHZilla (ETHZ) has authorized a $250 million stock repurchase program as the company doubles down on its ether-focused treasury strategy, the firm said in a press release Monday.

The Florida-based firm said its board approved the buyback effective immediately, with the program set to run until June 30, 2026, or until the full $250 million allocation is exhausted.

Alongside the move, The Nasdaq-listed company disclosed that it now holds 102,237 ETH, acquired at an average price of $3,948.72.

At current market valuations, the stash is worth approximately $489 million. The company also reported holding roughly $215 million in U.S. dollar cash equivalents.

“As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders,” said McAndrew Rudisill, executive chairman of ETHZilla, in the release.

ETHZilla also introduced its proprietary Electric Asset Protocol, which it says will be used to generate higher yields on its crypto holdings.

As of August 24, 2025, the company reported 102,237 ETH valued at about $489 million, $215 million in cash equivalents, and 165,478,655 shares outstanding, as of August 22.

The buyback adds another layer to ETHZilla’s strategy of aggressively building ether reserves while leveraging new yield protocols to bolster returns.

ETHZilla shares tumbled nearly 30% on Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The stock was was trading 4.5% lower, around $3.15, at publication time.

Read more: ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury



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NFT Gaming

Ethereum Treasury ETHZilla Reveals $250 Million Buyback After Stock Craters

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In brief

  • Ethereum treasury company ETHZilla has announced a $250 million stock buyback program.
  • The firm’s stock is down by more than 50% over the last week, evaporating most of its recent gains.
  • Ethereum recently hit a new all-time high price, breaking a record that stood since 2021.

ETHZilla Corporation—a publicly traded Ethereum treasury firm formerly known as 180 Life Sciences—announced Monday that its board has authorized a stock repurchase program of up to $250 million of the company’s outstanding shares, effective immediately.

The move comes following a substantial dive for the firm’s stock price last week. ETHZilla, which trades on the Nasdaq under ETHZ, is down more than 53% on the week to a current price of $3.18, with the drop coming after a surge that tripled the stock’s value after billionaire VC Peter Thiel bought a stake in the company.

Last week’s price decline came as the company filed with the SEC on Friday to offer 74.8 million convertible shares, as part of an agreement reached on August 8. The filing fueled dilution concerns, as the total amount of outstanding shares is set to grow from 164.4 million to over 239.2 million.



ETHZ stock is down nearly 3.8% on the day following the stock buyback announcement. ETHZilla has given up most of its recent gains following last week’s price plunge, with the stock showing a less than 5% rise over the last month.

The Palm Beach, Florida-based company also disclosed it now holds 102,237 ETH at an average acquisition price of $3,948.72, valued at approximately $474 million as of this writing. The firm also has about $215 million in cash equivalents. The Ethereum tally includes 7,600 ETH acquired over the last week.

“At ETHZilla, we continue to deploy capital to accelerate our Ethereum treasury strategy with discipline and record speed,” said ETHZilla Executive Chairman McAndrew Rudisill, in a release. “As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders.”

ETHZilla plans to stake its most recently purchased Ethereum tokens to Electric Capital’s proprietary Electric Asset Protocol to generate yield, the company said.

The stock repurchase program is scheduled to expire by June 30, 2026, or when $250 million in shares has been repurchased. The program will be funded through working capital and potential future fundraising efforts.

The price of Ethereum hit an all-time high Friday for the first time in nearly four years, and continued to rise higher on Sunday, peaking at a new record of $4,946 according to data from CoinGecko. It’s down more than 4% over the last 24 hours, however, falling to a current price of $4,604 as the broader crypto market sags.

Despite the dip, Myriad users believe that ETH will continue to rise to new peaks and cross the $5,000 milestone by the end of 2025, with 86% of users predicting such a move. (Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

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Helene Braun
Crypto Trends

ETHZilla (ETHZ) Shares Plunge Nearly 30% as Dilution Fears Overshadow $349M Ether (ETH) Treasury

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Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares.

The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters the market. For investors, it means their ownership slice shrinks, even if the company’s overall value doesn’t change.

After the issuance of new shares, the outstanding shares of the company will rise by about 46% to 239.3 million from 164.4 million, according to the filing. The company won’t receive any proceeds from the shareholders selling their converted shares.

ETHZilla rebranded earlier this month into a crypto treasury company and disclosed that it holds 82,186 ether, worth about $349 million at current prices, alongside $238 million in cash equivalents. The ether was acquired at an average price of $3,806.71 per token. News of the pivot and the size of the holdings sent shares surging on Aug. 11, lifting the stock 80% year-to-date before Friday’s sharp reversal.

The strategic shift has also drawn heavyweight backers.

Peter Thiel, who has publicly supported Ethereum, holds a 7.5% stake in ETHZ through his Founders Fund. The fund also owns 9.1% of Bitmine Immersion Technologies, which recently raised $250 million to build its own ether reserves. Thiel’s involvement highlights a broader bet by influential investors that Ethereum could anchor the next generation of financial infrastructure.

Ether itself has regained momentum in 2025 after lagging behind other altcoins last year. The token is up 38% year-to-date, outpacing bitcoin’s 24% rise and the CoinDesk 20 Index’s 17% gain. For context, bitcoin climbed 121% in 2024 while ether added just 31%. The turnaround coincides with regulatory clarity in the U.S. that has prompted Wall Street institutions to adopt Ethereum as a base layer for launching new financial products and services.

Despite the surge in price and interest from investors, ETHZ shares moved against the broader trend on Friday. The Nasdaq, S&P 500 and Dow were all higher after remarks from Federal Reserve Chair Jerome Powell, while ether itself gained 9% in the past 24 hours.

The selloff underscores the tension between ETHZ’s promise as a large publicly traded ether treasury and investor unease about near-term dilution. While the company’s balance sheet puts it among the biggest ether holders in the corporate world, shareholders are weighing whether that promise can outweigh the risks of being cut into smaller pieces.



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