ETHZilla Sold $74.5 Million Worth of Ether to Reduce Its Debts

Big Sale from ETHZilla

ETHZilla (ETHZ) sold 24,291 Ethereum (ETH) to reduce its debt burden, generating approximately $74.5 million. This marked the company's second move in digital asset sales.

Although the company was established with the aim of holding Ethereum assets, it still holds approximately 69,800 Ethereum after this sale. The value of these assets is more than $200 million.

Recently, many digital asset treasury firms have been under pressure due to sharp declines in stock prices. These firms have had to focus more on managing liabilities rather than accumulating assets.