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0 -0.00303951367781162 -0.0060790273556231 -0.00759878419452898 -0.00758358662613982 -0.0060790273556231 -0.0197568389057752 -0.0283282674772038
Stock impact report

Major Ethereum Treasury Company Forced to Sell $74 Million in ETH [Yahoo! Finance]

ETHZilla Corporation (ETHZ) 
Company Research Source: Yahoo! Finance
This has triggered fresh debate over whether institutional players are turning bearish on Ethereum — or simply managing balance-sheet risk. ETHZilla disclosed that it sold 24,291 ETH for approximately $74.5 million as part of the early redemption of its senior secured convertible notes. The company said it will use all, or a significant portion, of the proceeds to repay the outstanding debt, with redemptions scheduled before New Year's Eve. In simple terms, ETHZilla sold Ether to pay back loans , not because it expects Ethereum's price to fall. Senior secured convertible notes rank high in repayment priority and often require cash settlement. Selling liquid assets like ETH is a common way to close such obligations. The company also announced it will discontinue its mNAV dashboard, which previously tracked its Ethereum holdings and net asset value. ETHZilla said future valuation should focus on revenue and cash flow from its real-world asset (RWA) tokenization business , ra Show less Read more
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