ETHZilla raised $350 million via new convertible debentures to buy more ETH

ETHZilla Corporation, the Nasdaq-listed decentralized finance technology firm, has raised a further $350 million through convertible debentures as part of a bid to expand its Ethereum-focused treasury strategy and also increase its investment in the tokenization of real-world assets to boost cash flow in the ￰0￱ move comes as so-called digital asset treasuries (DATs) continue to acquire a growing share of ETH, with industry data showing that 4.34% of the cryptocurrency’s supply is now held in corporate-style ￰1￱ DATs now control about 4.34% of the circulating supply.) and Market Net Asset Value (mNAV) to capture the value of its crypto-centric balance ￰2￱ measures, however, remain unconventional, with management warning they should not be confused with traditional net asset value ￰3￱ squeeze and what it means for ETHZilla The timing of ETHZilla’s financing coincides with mounting pressure on Ethereum’s liquid ￰4￱ 30% of the total supply of ETH has been reportedly ￰5￱ was recently reported that this figure represents a record high and continues to ￰6￱ observers note that ETHZilla’s approach mirrors the corporate treasury strategies pioneered by Bitcoin-focused companies, which helped tighten available supply and contributed to price surges in previous ￰7￱ has promised fresh guidance with its third-quarter earnings later this year, outlining how it plans to balance ETH accumulation with cash-flow generation.

ETHZilla’s latest financing shows that it has both the appetite for corporate ETH ￰8￱ nearly half a billion dollars in convertible debentures now outstanding, the company has fresh firepower to deepen its presence in Ethereum’s Layer-2 landscape and tokenization ￰9￱ smartest crypto minds already read our ￰10￱ in? Join them .