Derived from 币界网, ETHZilla, backed by Peter Thiel, has sold 24,291 ETH (worth $74.5 million) to repay debt, signaling a shift away from its DAT strategy toward real-world asset (RWA) tokenization. The company, formerly 180 Life Sciences, currently holds 69,802 ETH valued at around $207 million. This is not the first ETH sale by ETHZilla, as it previously sold $40 million in ETH in October 2024 as part of a $250 million stock buyback plan. The company also announced it will stop publishing its mNAV dashboard but will continue regular balance sheet updates.
ETHZilla Sells $74.5M in ETH to Repay Debt, Shifts Focus to RWA Tokenization Strategy
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Summary
ETHZilla, backed by Peter Thiel, sold 24,291 ETH ($74.5 million) to repay debt, shifting focus from DAT to RWA tokenization. The firm, holding 69,802 ETH ($207 million), previously sold $40 million in October 2024 for a buyback. Value investing in crypto is evident as ETHZilla adjusts its risk-to-reward ratio. The company will stop publishing its mNAV dashboard but keep balance sheet updates.
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