ETHZilla sold 24,200 ETH to redeem bonds and shifted its business focus to RWA tokenization.

PANews reported on December 22 that Ethereum treasury company ETHZilla announced on the X platform that it sold 24,291 ETH as part of the redemption of outstanding senior collateralized convertible bonds, raising approximately $74.5 million. ETHZilla plans to use all or most of the proceeds from this redemption.

ETHZilla believes its value will be primarily driven by revenue and cash flow growth from its RWA tokenization business, and therefore will discontinue offering the mNAV dashboard on its website, but will continue to update its balance sheet regularly. Furthermore, ETHZilla will continue to report any material changes to ETH Treasury holdings and/or the number of shares in filings with the U.S. SEC and social media posts.