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ETHZilla Sells 24,291 ETH to Redeem Bonds, Shifts Focus to RWA Tokenization

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ETHZilla has sold 24,291 ETH, valued at around $74.5 million, to redeem senior secured convertible bonds. The firm will use most of the funds for the redemption. ETHZilla said its value will come from growth in its RWA tokenization business. It will shut down its mNAV dashboard but keep balance sheet updates. The company will report major changes in ETH holdings or share counts in SEC filings and on social media. As liquidity and crypto markets evolve, ETHZilla’s moves align with efforts to maintain compliance, including Countering the Financing of Terrorism standards.
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