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ETHZilla to Redeem $516M Convertible Bonds Ahead of Schedule by End of 2025

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ETH
$2,979.72-0.51%
ETHZilla plans to redeem $516M in convertible bonds by end-2025 at 117% of principal, using restricted cash as funding. The move comes amid shifting sentiment in the altcoins to watch category, with the fear and greed index showing mixed signals. The firm will cover the redemption, including accrued interest, from its collateralized reserves.
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