ETHZilla (ETHZ) Stock: Peter Thiel-Backed Firm Dumps $74M in Ethereum – Here’s Why

TLDR ETHZilla liquidated 24,291 ETH for $74.5 million to repay senior secured convertible notes, reducing holdings to 69,800 tokens. The Peter Thiel-backed company is abandoning its digital asset treasury model to pursue tokenized real-world asset opportunities. Shares have crashed over 65% year-to-date as the company removes its mNAV transparency dashboard from its website. This marks [...]

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