ETHZilla plans to raise $350 million by issuing new convertible bonds, continuing to deploy capital in the Ethereum ecosystem

According to Foresight News, ETHZilla (NASDAQ: ETHZ) announced a partnership with existing convertible bond investors to raise an additional $350 million by issuing new convertible bonds. The new bond will have an annual interest rate of 2%, and ETHZilla will receive excess interest income totaling approximately $500 million in interest-bearing securities portfolios. ETHZilla will continue to actively deploy capital in the Ethereum ecosystem, in addition to holding ETH, the company generates cash flow through ETH deployed to the Layer 2 protocol, cash balances invested in U.S. Treasury and commercial paper, and is exploring the tokenization of real-world assets.


As of September 19, 2025, ETHZilla held 102,264 ETH and ETH equivalents worth approximately US$462 million.

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