ETHZilla Sells $74.5M in Ether to Settle Convertible Debt

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BTC+0.08%

FORM-0.479%

Source: Coinmarketcap

Updated: Dec 22 2025

ETHZilla's Ether Sale: ETHZilla sold 24,291 Ether for $74.5 million to repay convertible notes, leaving it with approximately 69,800 ETH on its balance sheet amid a market downturn.
Company Rebranding and Performance: Formerly known as 180 Life Sciences Corp, ETHZilla rebranded to focus on Ether investments, experiencing a significant decline in stock value of over 99.9% since its public debut in 2020.
Market Trends in Digital Assets: Publicly traded companies have increased their Bitcoin and Ether holdings, with over 190 companies holding Bitcoin and 27 companies holding about 6 million ETH, each representing around 5% of their respective circulating supplies.
Other Companies' Strategies: Other digital asset treasury companies, like FG Nexus and Sequans Communications, have also sold portions of their crypto holdings to strengthen their balance sheets and manage debt amid a declining market.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

ETHZilla Sells $74.5M in Ether to Settle Convertible Debt

About the author

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