ETHZilla Sells 24,291 Ethereum for $74.5M to Repay Debt

ETHZilla Corporation, a Nasdaq-listed company focused on cryptocurrency investments, sold 24,291 Ethereum tokens for approximately $74.5 million between December 12 and 19, 2025, to help repay outstanding senior secured convertible notes, according to a filing with the U.S. Securities and Exchange Commission.

The transaction, executed at an average price of $3,068.69 per token, reduced the company's Ethereum holdings to about 69,800 tokens. ETHZilla stated in the filing that it plans to use all or a significant portion of the proceeds, along with existing cash reserves, to redeem the notes by December 30, 2025. The company, which tracks its assets through public disclosures, noted that this move aligns with ongoing efforts to manage debt obligations amid volatile cryptocurrency markets.

The announcement triggered an immediate decline in ETHZilla's stock price. Shares fell 8.7 percent on December 22, closing at $6.30, and continued to slide in after-hours trading to around $5.35. The drop marked a 21 percent loss since the previous Monday and a staggering 94 percent retreat from an August peak above $100, when the company first gained attention for its Ethereum-focused strategy....