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ETHZilla Sells $74.5M in ETH to Repay Debt Amid Strategy Shift to Tokenization

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ETH
$2,959.04-1.6%
ETHZilla sold 24,291 ETH ($74.5M) to repay debt and shift focus to tokenization, abandoning Ethereum treasury management. The firm, once 80 Life Sciences Corp, had become the ninth-largest ETH holder with 938,000 ETH. With the price-to-risk ratio deteriorating, the move aligns with broader tokenization trends. Value investing in crypto faces headwinds as Ethereum treasury firms and ETFs record $670M in outflows, pushing ETH below $3,000.
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