CoinOtag
2025-12-22 22:32:33

ETHZilla Sells Ether Holdings Amid Crypto Downturn Pressures

ETHZilla, a crypto treasury company, sold 24,291 Ether for $74.5 million to repay outstanding convertible notes amid market volatility. This move reduces debt while retaining about 69,800 ETH on its balance sheet, highlighting the challenges faced by digital asset holders in downturns. ETHZilla's strategic sale: The company liquidated Ether at an average price of $3,068.69 [...]

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