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0 0 0.0070789156244048 0.0062853152180814 0.0126341184686687 -6.34880325058656E-05 -0.00165068884515265 -0.00165068884515265
Stock impact report

Peter Thiel-backed crypto stock sinks after repaying debt [Yahoo! Finance]

ETHZilla Corporation (ETHZ) 
Company Research Source: Yahoo! Finance
At press time, ETHZ was down by 7.61%, trading at $6.38. This was also a 26.30% drop in its price in the past six months. Less than six months after pivoting to an Ether-based digital asset treasury (DAT), ETHZilla said it sold 24,291 ETH to repay senior secured convertible notes. “As part of redeeming our outstanding senior secured convertible notes, ETHZilla sold 24,291 ETH,” the company said. “We plan to use all, or a significant portion, of the proceeds to fund the redemption.” Following the transaction, ETHZilla said it now holds 69,802 ETH, valued at roughly $207 million based on current prices. Related: Ethereum ETF 'not only certain, but imminent' per investment officer This is not the first time ETHZilla has reduced its Ether exposure. In October, the firm sold $40 million worth of ETH as part of a $250 million stock repurchase plan, underscoring growing tension between its crypto treasury ambitions and capital management needs. Ethereum, currently trading at $ Show less Read more
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