Ethereum treasury company ETHZilla sold 24,291 ETH, raising approximately 74.5 million USD

Ethereum treasury company ETHZilla announced on the X platform that it has sold 24,291 ETH, raising approximately $74.5 million.

It is reported that this transaction is part of the redemption of outstanding senior secured convertible notes. In the future, the company's value will be driven more by the revenue and cash flow generated from its RWA tokenization business, and therefore it will stop publicly disclosing the mNAV panel. However, it will continue to regularly disclose its balance sheet and update changes in the ETH treasury and shares through SEC filings and social media.