Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail ETHZilla sells $74.5 million of ether in eff Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail ETHZilla sells $74.5 million of ether in eff

ETHZilla sells $74.5 million of ether in effort to trim debt load

Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

ETHZilla sells $74.5 million of ether in effort to trim debt load

This is the company's second sale of part of its ETH treasury, following a $40 million sale in October to fund share repurchases.

By Krisztian Sandor|Edited by Stephen Alpher
Updated Dec 22, 2025, 4:54 p.m. Published Dec 22, 2025, 4:53 p.m.
Ethereum (Midjourney / Modified by CoinDesk)

What to know:

  • ETHZilla (ETHZ) sold 24,291 ether (ETH) for roughly $74.5 million to redeem senior secured convertible notes.
  • After this second sale of digital assets, the company — formed with the intention of holding ETH — still owns approximately 69,800 ETH worth more than $200 million.
  • Many digital asset treasury firms are facing pressure following stock price plunges, and are shifting focus from accumulation to managing liabilities.

It's the digital asset treasury bubble in reverse as companies once hellbent on accumulating crypto on their balance sheets turn to digital asset sales in an effort to either prop plunging stock prices or reduce outstanding debt.

ETHZilla (ETHZ), a Nasdaq-listed firm focused on building a reserve of the second-largest cryptocurrency, ether ETH$3,029.98, late Friday said it sold $74.5 million worth of tokens from its treasury. It's the company's second such sale of ETH holdings.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The funds from this latest sale are intended to redeem outstanding senior secured convertible notes under the terms of an agreement signed earlier this month, according to a Friday regulatory filing.

The company sold 24,291 ETH at an average price of $3,068, bringing company holdings down to roughly 69,800 ETH worth more than $200 million.

ETHZ shares were lower by 4% on Monday, and have lost roughly 96% from their August highs.

The latest maneuver underscores the ongoing pressure digital asset treasuries face. Many public firms that raised funds to buy digital assets earlier this year are now trading below the net asset value (NAV) of their holdings as their stock prices have slumped far more than the value of their underlying crypto.

That discount has made it harder, if not impossible, to raise capital to accumulate additional crypto assets, leading some firms to shift to managing liabilities by instead dipping into their crypto reserves.

ETHZilla earlier in the fourth quarter unloaded $40 million in ETH , using proceeds then to fund share repurchases. The stock, though has continued to fall, currently trading below $7 versus the $20 area when the October repurchase was announced.

The company said it may continue to raise capital through selling ETH or equity offerings as it works to advance its business plans.

Read more: BitMine buys $300 million in ether, crossing 4 million ETH treasury milestone

Ethereum NewsEthereum Treasury Digital Asset Treasury

More For You

State of the Blockchain 2025

Commissioned byInput Output Group

L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.

What to know:

2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.

This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.

View Full Report

More For You

Coinbase agrees to buy The Clearing Company to deepen prediction markets push

The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.

What to know:

  • Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
  • The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
  • The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Read full story
Latest Crypto News

BNB lags market despite break above $860 as scrutiny of Binance grows

Coinbase agrees to buy The Clearing Company to deepen prediction markets push

U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief

BlackRock names bitcoin ETF a top 2025 theme despite price slump

CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes

Filecoin climbs after breaking above $1.29 resistance zone

Top Stories

Coinbase agrees to buy The Clearing Company to deepen prediction markets push

BitMine buys $300 million in ether, crossing 4 million ETH treasury milestone

U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief

BlackRock names bitcoin ETF a top 2025 theme despite price slump

JPMorgan weighs crypto trading for institutions amid growing demand

Stock market's Santa tradition offers hope to battered Bitcoin bulls

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Robert W. Baird & Co. Discloses Core AI Design Parameters and Launches Public Testing of Baird NEUROFORGE™ Equity AI

Robert W. Baird & Co. Discloses Core AI Design Parameters and Launches Public Testing of Baird NEUROFORGE™ Equity AI

New York, United States (PinionNewswire) — Robert W. Baird & Co. (“Baird”) today announced the public disclosure of selected core system design parameters of its
Share
AI Journal2025/12/23 02:16
Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council

The post Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council appeared on BitcoinEthereumNews.com. Michael Saylor and a group of crypto executives met in Washington, D.C. yesterday to push for the Strategic Bitcoin Reserve Bill (the BITCOIN Act), which would see the U.S. acquire up to 1M $BTC over five years. With Bitcoin being positioned yet again as a cornerstone of national monetary policy, many investors are turning their eyes to projects that lean into this narrative – altcoins, meme coins, and presales that could ride on the same wave. Read on for three of the best crypto projects that seem especially well‐suited to benefit from this macro shift:  Bitcoin Hyper, Best Wallet Token, and Remittix. These projects stand out for having a strong use case and high adoption potential, especially given the push for a U.S. Bitcoin reserve.   Why the Bitcoin Reserve Bill Matters for Crypto Markets The strategic Bitcoin Reserve Bill could mark a turning point for the U.S. approach to digital assets. The proposal would see America build a long-term Bitcoin reserve by acquiring up to one million $BTC over five years. To make this happen, lawmakers are exploring creative funding methods such as revaluing old gold certificates. The plan also leans on confiscated Bitcoin already held by the government, worth an estimated $15–20B. This isn’t just a headline for policy wonks. It signals that Bitcoin is moving from the margins into the core of financial strategy. Industry figures like Michael Saylor, Senator Cynthia Lummis, and Marathon Digital’s Fred Thiel are all backing the bill. They see Bitcoin not just as an investment, but as a hedge against systemic risks. For the wider crypto market, this opens the door for projects tied to Bitcoin and the infrastructure that supports it. 1. Bitcoin Hyper ($HYPER) – Turning Bitcoin Into More Than Just Digital Gold The U.S. may soon treat Bitcoin as…
Share
BitcoinEthereumNews2025/09/18 00:27
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44