Wu learned that ETHZilla, the treasury company of Ethereum, stated in a post that as part of the redemption of outstanding senior secured convertible notes, the company has sold 24,291 ETH, cashing out approximately 74.5 million USD, and plans to use all or most of the funds for early redemption (expected to be completed on December 24 and December 30). ETHZilla indicated that the future company value will be more driven by the income and cash flow generated from its RWA tokenization business, and therefore will stop publicly disclosing the mNAV panel, but will still regularly disclose asset-liability situations and update ETH treasury and share changes through SEC filings and social media.
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Wu learned that ETHZilla, the treasury company of Ethereum, stated in a post that as part of the redemption of outstanding senior secured convertible notes, the company has sold 24,291 ETH, cashing out approximately 74.5 million USD, and plans to use all or most of the funds for early redemption (expected to be completed on December 24 and December 30). ETHZilla indicated that the future company value will be more driven by the income and cash flow generated from its RWA tokenization business, and therefore will stop publicly disclosing the mNAV panel, but will still regularly disclose asset-liability situations and update ETH treasury and share changes through SEC filings and social media.