ETHzilla has made a clear change in direction by selling a significant portion of its Ethereum holdings to strengthen its balance sheet. The company recently disclosed that it sold about $74.5 million worth of ETH in December, using the proceeds mainly to repay outstanding debt. This marks a step away from the digital asset treasury approach that once played a central role in its strategy.
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ETHzilla Sells $74.5M in Ethereum to Cut Debt and Strengthen Balance Sheet
ETHzilla has made a clear change in direction by selling a significant portion of its Ethereum holdings to strengthen its balance sheet. The company recently disclosed that it sold about $74.5 million worth of ETH in December, using the proceeds mainly to repay outstanding debt. This marks a step away from the digital asset treasury approach that once played a central role in its strategy.